EUR/USD Intraday: target 1.0786

Our pivot point is at 1.0837.
Our preference: target 1.0786.
Alternative scenario: the upside breakout of 1.0837, would call for 1.0856 and 1.0867.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (1.0823) but above its 50 period moving average (1.0818).
Supports and resistances:
1.0867 **
1.0856 *
1.0837 **
1.0830
1.0820 last
1.0797
1.0786 **
1.0775 *
1.0764 **