EUR/USD may rise 23 - 38 pips

Pivot

1.0860

Our preference

Long positions above 1.0860 with targets at 1.0915 & 1.0930 in extension.

Alternative scenario

Below 1.0860 look for further downside with 1.0845 & 1.0825 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

1.0950

1.0930

1.0915

1.0892 Last

1.0860

1.0845

1.0825

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