EUR/USD may fall 29 - 49 pips

Pivot

1.1190

Our preference

Short positions below 1.1190 with targets at 1.1130 & 1.1110 in extension.

Alternative scenario

Above 1.1190 look for further upside with 1.1210 & 1.1230 as targets.

Comment

The RSI has struck against a major resistance around 70% and is reversing down.

Supports and resistances

1.1230

1.1210

1.1190

1.1159 Last

1.1130

1.1110

1.1095

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