EUR/USD may rise 22 - 37 pips

Pivot

1.0720

Our preference

Long positions above 1.0720 with targets at 1.0760 & 1.0775 in extension.

Alternative scenario

Below 1.0720 look for further downside with 1.0710 & 1.0695 as targets.

Comment

The break above 1.0720 is a positive signal that has opened a path to 1.0760.

Supports and resistances

1.0800

1.0775

1.0760

1.0738 Last

1.0720

1.0710

1.0695

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