EUR/USD may fall 8 - 23 pips

Pivot

1.0750

Our preference

Short positions below 1.0750 with targets at 1.0720 & 1.0705 in extension.

Alternative scenario

Above 1.0750 look for further upside with 1.0775 & 1.0790 as targets.

Comment

As long as 1.0750 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0790

1.0775

1.0750

1.0728 Last

1.0720

1.0705

1.0685

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