EUR/USD may rise 36 - 51 pips

Pivot

1.0780

Our preference

Long positions above 1.0780 with targets at 1.0850 & 1.0865 in extension.

Alternative scenario

Below 1.0780 look for further downside with 1.0760 & 1.0735 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

1.0880

1.0865

1.0850

1.0814 Last

1.0780

1.0760

1.0735

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