EUR/USD may rise 29 - 44 pips
Pivot
1.0805
Our preference
Long positions above 1.0805 with targets at 1.0845 & 1.0860 in extension.
Alternative scenario
Below 1.0805 look for further downside with 1.0785 & 1.0770 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances
1.0885
1.0860
1.0845
1.0816 Last
1.0805
1.0785
1.0770
Number of asterisks represents the strength of support and resistance levels.
1.0805
Our preference
Long positions above 1.0805 with targets at 1.0845 & 1.0860 in extension.
Alternative scenario
Below 1.0805 look for further downside with 1.0785 & 1.0770 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances
1.0885
1.0860
1.0845
1.0816 Last
1.0805
1.0785
1.0770
Number of asterisks represents the strength of support and resistance levels.
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