EUR/USD may rise 31 - 51 pips

Pivot

1.0835

Our preference

Long positions above 1.0835 with targets at 1.0880 & 1.0900 in extension.

Alternative scenario

Below 1.0835 look for further downside with 1.0825 & 1.0810 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

1.0940

1.0900

1.0880

1.0849 Last

1.0835

1.0825

1.0810

Number of asterisks represents the strength of support and resistance levels.