*Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
EUR/USD may rise 24 - 49 pips
Pivot
1.1300
Our preference
Long positions above 1.1300 with targets at 1.1365 & 1.1390 in extension.
Alternative scenario
Below 1.1300 look for further downside with 1.1275 & 1.1255 as targets.
Comment
The break above 1.1300 is a positive signal that has opened a path to 1.1365.
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