EUR/USD may rise 27 - 52 pips

Pivot

1.0705

Our preference

Long positions above 1.0705 with targets at 1.0755 & 1.0780 in extension.

Alternative scenario

Below 1.0705 look for further downside with 1.0685 & 1.0665 as targets.

Comment

The break above 1.0705 is a positive signal that has opened a path to 1.0755.

Supports and resistances

1.0805

1.0780

1.0755

1.0728 Last

1.0705

1.0685

1.0665

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