EUR/USD may rise 23 - 34 pips

Our pivot point stands at 1.0810.

Our preference

As long as 1.0810 is support look for 1.0862.

Alternative scenario

Below 1.0810, expect 1.0792 and 1.0781.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0825 and 1.0819).

Supports and resistances

1.0884 **

1.0873 *

1.0862 **

1.0851

1.0828 last

1.0817

1.0810 **

1.0792 *

1.0781 **

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