EUR/USD may rise 32 - 46 pips

Our pivot point is at 1.0999.

Our preference

The upside prevails as long as 1.0999 is support.

Alternative scenario

The downside breakout of 1.0999 would call for 1.0975 and 1.0961.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0999 and 1.0987).

Supports and resistances

1.1093 **

1.1079 *

1.1064 **

1.1050

1.1018 last

1.1008

1.0999 **

1.0975 *

1.0961 **

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