EUR/USD may rise 16 - 36 pips

Pivot

1.0720

Our preference

Long positions above 1.0720 with targets at 1.0760 & 1.0780 in extension.

Alternative scenario

Below 1.0720 look for further downside with 1.0700 & 1.0685 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

1.0795

1.0780

1.0760

1.0744 Last

1.0720

1.0700

1.0685

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