EUR/USD may rise 15 - 30 pips

Pivot

1.0795

Our preference

Long positions above 1.0795 with targets at 1.0835 & 1.0850 in extension.

Alternative scenario

Below 1.0795 look for further downside with 1.0780 & 1.0765 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

1.0870

1.0850

1.0835

1.0820 Last

1.0795

1.0780

1.0765

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