EUR/USD may rise 32 - 52 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

A support base at 1.0845 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.0915

1.0900

1.0880

1.0848 Last

1.0845

1.0825

1.0810

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