EUR/USD may rise 27 - 41 pips

Our pivot point stands at 1.0756.

Our preference

Rebound towards 1.0819.

Alternative scenario

Below 1.0756, expect 1.0734 and 1.0720.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0781 and 1.0793).

Supports and resistances

1.0846 **

1.0832 *

1.0819 **

1.0805

1.0778 last

1.0765

1.0756 **

1.0734 *

1.0720 **

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