EUR/USD may rise 23 - 34 pips

Our pivot point is at 1.0765.

Our preference

As long as 1.0765 is support look for 1.0819.

Alternative scenario

The downside breakout of 1.0765 would call for 1.0747 and 1.0736.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0781 and 1.0760).

Supports and resistances

1.0841 **

1.0830 *

1.0819 **

1.0808

1.0785 last

1.0772

1.0765 **

1.0747 *

1.0736 **

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