EUR/USD may rise 20 - 35 pips

Pivot

1.0725

Our preference

Long positions above 1.0725 with targets at 1.0760 & 1.0775 in extension.

Alternative scenario

Below 1.0725 look for further downside with 1.0710 & 1.0695 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

1.0790

1.0775

1.0760

1.0740 Last

1.0725

1.0710

1.0695

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