EUR/USD may rise 14 - 29 pips

Pivot

1.0855

Our preference

Long positions above 1.0855 with targets at 1.0885 & 1.0900 in extension.

Alternative scenario

Below 1.0855 look for further downside with 1.0840 & 1.0825 as targets.

Comment

A support base at 1.0855 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.0915

1.0900

1.0885

1.0871 Last

1.0855

1.0840

1.0825

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