EUR/USD may rise 17 - 37 pips

Intraday: the upside prevails.

Pivot

1.1135

Our preference

Long positions above 1.1135 with targets at 1.1180 & 1.1200 in extension.

Alternative scenario

Below 1.1135 look for further downside with 1.1115 & 1.1095 as targets.

Comment

A support base at 1.1135 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.1215

1.1200

1.1180

1.1163 Last

1.1135

1.1115

1.1095

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

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