EUR/USD may rise 23 - 43 pips

Pivot

1.0845

Our preference

Long positions above 1.0845 with targets at 1.0880 & 1.0900 in extension.

Alternative scenario

Below 1.0845 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

1.0915

1.0900

1.0880

1.0857 Last

1.0845

1.0825

1.0810

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