EUR/USD may rise 12 - 27 pips

Pivot

1.0790

Our preference

Long positions above 1.0790 with targets at 1.0835 & 1.0850 in extension.

Alternative scenario

Below 1.0790 look for further downside with 1.0775 & 1.0755 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.0870

1.0850

1.0835

1.0823 Last

1.0790

1.0775

1.0755

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