Most Likely Scenario: long positions above 1442.00 with targets at 1462.00 & 1470.00 in extension.
Alternative scenario: below 1442.00 look for further downside with 1436.00 & 1430.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Most Likely Scenario: long positions above 1.1100 with targets at 1.1135 & 1.1160 in extension.
Alternative scenario: below 1.1100 look for further downside with 1.1090 & 1.1070 as targets.
Comment: the RSI shows upside momentum.
PP:1426.00
High Probability Scenario: long positions above 1426.00 with targets at 1437.00 & 1440.00 in extension.
Alternative scenario: below 1426.00 look for further downside with 1422.00 & 1418.00 as targets.
Comment: the RSI advocates for further upside.
Pivot Point: 1.1160:
According to trend of EURUSD we can see short positions below 1.1160 with targets at 1.1130 & 1.1115 in extension.
Alternatively we can make an entry above 1.1160 look for further upside with 1.1180 & 1.1200 as targets.
Comment: the RSI shows downside momentum.