EUR/USD may rise 18 - 33 pips

Pivot

1.0805

Our preference

Long positions above 1.0805 with targets at 1.0850 & 1.0865 in extension.

Alternative scenario

Below 1.0805 look for further downside with 1.0785 & 1.0770 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

1.0885

1.0865

1.0850

1.0832 Last

1.0805

1.0785

1.0770

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