EUR/USD may rise 37 - 72 pips

Pivot

1.0710

Our preference

Long positions above 1.0710 with targets at 1.0780 & 1.0815 in extension.

Alternative scenario

Below 1.0710 look for further downside with 1.0685 & 1.0665 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.0850

1.0815

1.0780

1.0743 Last

1.0710

1.0685

1.0665

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