EUR/USD may rise 36 - 51 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

A support base at 1.0865 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.0945

1.0930

1.0915

1.0879 Last

1.0865

1.0850

1.0830

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