EUR/USD may rise 25 - 40 pips

Pivot

1.0870

Our preference

Long positions above 1.0870 with targets at 1.0915 & 1.0930 in extension.

Alternative scenario

Below 1.0870 look for further downside with 1.0860 & 1.0850 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

1.0950

1.0930

1.0915

1.0890 Last

1.0870

1.0860

1.0850

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