EUR/USD may rise 27 - 42 pips

Pivot

1.0765

Our preference

Long positions above 1.0765 with targets at 1.0815 & 1.0830 in extension.

Alternative scenario

Below 1.0765 look for further downside with 1.0750 & 1.0735 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

1.0850

1.0830

1.0815

1.0788 Last

1.0765

1.0750

1.0735

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