EUR/USD may rise 12 - 27 pips

Pivot

1.0800

Our preference

Long positions above 1.0800 with targets at 1.0835 & 1.0850 in extension.

Alternative scenario

Below 1.0800 look for further downside with 1.0790 & 1.0775 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.0870

1.0850

1.0835

1.0823 Last

1.0800

1.0790

1.0775

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