EUR/USD may rise 23 - 34 pips

Our pivot point stands at 1.0809.

Our preference

As long as 1.0809 is support look for 1.0860.

Alternative scenario

Below 1.0809, expect 1.0790 and 1.0779.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0823 and 1.0819).

Supports and resistances

1.0882 **

1.0871 *

1.0860 **

1.0849

1.0826 last

1.0816

1.0809 **

1.0790 *

1.0779 **

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