EUR/USD may rise 23 - 34 pips

Our pivot point stands at 1.0822.

Our preference

The upside prevails as long as 1.0822 is support.

Alternative scenario

Below 1.0822, expect 1.0803 and 1.0792.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0827 and 1.0821). Finally, the EUR/USD is trading above its upper Bollinger band (standing at 1.0838).

Supports and resistances

1.0897 **

1.0886 *

1.0875 **

1.0864

1.0841 last

1.0829

1.0822 **

1.0803 *

1.0792 **

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