EUR/USD may rise 5 - 20 pips

Pivot

1.0775

Our preference

Long positions above 1.0775 with targets at 1.0815 & 1.0830 in extension.

Alternative scenario

Below 1.0775 look for further downside with 1.0750 & 1.0735 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

1.0850

1.0830

1.0815

1.0810 Last

1.0775

1.0750

1.0735

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