EUR/USD may rise 8 - 23 pips

Pivot

1.0875

Our preference

Long positions above 1.0875 with targets at 1.0900 & 1.0915 in extension.

Alternative scenario

Below 1.0875 look for further downside with 1.0860 & 1.0850 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

1.0930

1.0915

1.0900

1.0892 Last

1.0875

1.0860

1.0850

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