EUR/USD may rise 24 - 44 pips

Pivot

1.0725

Our preference

Long positions above 1.0725 with targets at 1.0760 & 1.0780 in extension.

Alternative scenario

Below 1.0725 look for further downside with 1.0705 & 1.0690 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

1.0800

1.0780

1.0760

1.0736 Last

1.0725

1.0705

1.0690

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