EUR/USD may rise 15 - 30 pips

Pivot

1.0820

Our preference

Long positions above 1.0820 with targets at 1.0855 & 1.0870 in extension.

Alternative scenario

Below 1.0820 look for further downside with 1.0805 & 1.0790 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

1.0885

1.0870

1.0855

1.0840 Last

1.0820

1.0805

1.0790

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