EUR/USD may rise 17 - 32 pips

Pivot

1.0800

Our preference

Long positions above 1.0800 with targets at 1.0840 & 1.0855 in extension.

Alternative scenario

Below 1.0800 look for further downside with 1.0785 & 1.0770 as targets.

Comment

The break above 1.0800 is a positive signal that has opened a path to 1.0840.

Supports and resistances

1.0870

1.0855

1.0840

1.0823 Last

1.0800

1.0785

1.0770

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