EUR/USD may rise 36 - 51 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 immediate trend remains up and the momentum is strong.

Supports and resistances

1.0840

1.0815

1.0800

1.0764 Last

1.0745

1.0710

1.0685

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