EUR/USD may fall to 1.0600 - 1.0670

Pivot

1.0800

Our preference

Short positions below 1.0800 with targets at 1.0670 & 1.0600 in extension.

Alternative scenario

Above 1.0800 look for further upside with 1.0910 & 1.0980 as targets.

Comment

As long as 1.0800 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0980

1.0910

1.0800

1.0761 Last

1.0670

1.0600

1.0515

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