EUR/USD may rise 20 - 40 pips

Pivot

1.0735

Our preference

Long positions above 1.0735 with targets at 1.0780 & 1.0800 in extension.

Alternative scenario

Below 1.0735 look for further downside with 1.0720 & 1.0700 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.0830

1.0800

1.0780

1.0760 Last

1.0735

1.0720

1.0700

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