EUR/USD may rise 40 - 60 pips

Pivot

1.0845

Our preference

Long positions above 1.0845 with targets at 1.0920 & 1.0940 in extension.

Alternative scenario

Below 1.0845 look for further downside with 1.0825 & 1.0810 as targets.

Comment

The break above 1.0845 is a positive signal that has opened a path to 1.0920.

Supports and resistances

1.0970

1.0940

1.0920

1.0880 Last

1.0845

1.0825

1.0810

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