EUR/USD may rise 25 - 45 pips.

EUR/USD may rise 25 - 45 pips.

Pivot 1.1550
Our preference : Long positions above 1.1550 with targets at 1.1595 & 1.1615 in extension.

Alternative scenario Below 1.1550 look for further downside with 1.1530 & 1.1510 as targets.

Comment : Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.