EUR/USD may rise 20 - 35 pips

Pivot

1.0795

Our preference

Long positions above 1.0795 with targets at 1.0840 & 1.0855 in extension.

Alternative scenario

Below 1.0795 look for further downside with 1.0775 & 1.0760 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

1.0870

1.0855

1.0840

1.0820 Last

1.0795

1.0775

1.0760

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