EUR/USD may rise 21 - 30 pips

1.0732 is our pivot point.

Our preference

As long as 1.0732 is support look for 1.0776.

Alternative scenario

The downside breakout of 1.0732 would call for 1.0716 and 1.0706.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0745 and 1.0740).

Supports and resistances

1.0796 **

1.0786 *

1.0776 **

1.0767

1.0746 last

1.0739

1.0732 **

1.0716 *

1.0706 **

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