EUR/USD may fall 17 - 32 pips

Pivot

1.0760

Our preference

Short positions below 1.0760 with targets at 1.0720 & 1.0705 in extension.

Alternative scenario

Above 1.0760 look for further upside with 1.0775 & 1.0790 as targets.

Comment

As long as the resistance at 1.0760 is not surpassed, the risk of the break below 1.0720 remains high.

Supports and resistances

1.0790

1.0775

1.0760

1.0737 Last

1.0720

1.0705

1.0685

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