EUR/USD may rise to 1.1000 - 1.1200

Pivot

1.0650

Our preference

Long positions above 1.0650 with targets at 1.1000 & 1.1200 in extension.

Alternative scenario

Below 1.0650 look for further downside with 1.0500 & 1.0450 as targets.

Comment

The RSI has just landed on a support around 30% and is reversing up.

Supports and resistances

1.1275

1.1200

1.1000

1.0856 Last

1.0650

1.0500

1.0450

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