EUR/USD may rise 28 - 43 pips

Pivot

1.0745

Our preference

Long positions above 1.0745 with targets at 1.0800 & 1.0815 in extension.

Alternative scenario

Below 1.0745 look for further downside with 1.0710 & 1.0685 as targets.

Comment

The break above the resistance at 1.0745 triggered an upward acceleration to 1.0800.

Supports and resistances

1.0840

1.0815

1.0800

1.0772 Last

1.0745

1.0710

1.0685

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