EUR/USD may rise 12 - 27 pips

Pivot

1.0775

Our preference

Long positions above 1.0775 with targets at 1.0805 & 1.0820 in extension.

Alternative scenario

Below 1.0775 look for further downside with 1.0760 & 1.0745 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

1.0835

1.0820

1.0805

1.0793 Last

1.0775

1.0760

1.0745

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