EUR/USD may rise 46 - 61 pips

Pivot

1.0865

Our preference

Long positions above 1.0865 with targets at 1.0915 & 1.0930 in extension.

Alternative scenario

Below 1.0865 look for further downside with 1.0850 & 1.0830 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

1.0945

1.0930

1.0915

1.0869 Last

1.0865

1.0850

1.0830

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