EUR/USD may rise 14 - 29 pips

Pivot

1.0735

Our preference

Long positions above 1.0735 with targets at 1.0775 & 1.0790 in extension.

Alternative scenario

Below 1.0735 look for further downside with 1.0725 & 1.0710 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.0815

1.0790

1.0775

1.0761 Last

1.0735

1.0725

1.0710

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