EUR/USD may rise 17 - 37 pips

Pivot

1.0730

Our preference

Long positions above 1.0730 with targets at 1.0780 & 1.0800 in extension.

Alternative scenario

Below 1.0730 look for further downside with 1.0710 & 1.0690 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

1.0815

1.0800

1.0780

1.0763 Last

1.0730

1.0710

1.0690

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