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

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

Supports and resistances

1.1275

1.1200

1.1000

1.0792 Last

1.0650

1.0500

1.0450

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