EUR/USD may rise 13 - 28 pips

Pivot

1.0715

Our preference

Long positions above 1.0715 with targets at 1.0740 & 1.0755 in extension.

Alternative scenario

Below 1.0715 look for further downside with 1.0700 & 1.0690 as targets.

Comment

The break above 1.0715 is a positive signal that has opened a path to 1.0740.

Supports and resistances

1.0780

1.0755

1.0740

1.0727 Last

1.0715

1.0700

1.0690

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