EUR/USD may rise 5 - 20 pips

Pivot

1.0780

Our preference

Long positions above 1.0780 with targets at 1.0805 & 1.0820 in extension.

Alternative scenario

Below 1.0780 look for further downside with 1.0770 & 1.0760 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.0835

1.0820

1.0805

1.0800 Last

1.0780

1.0770

1.0760

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