EUR/USD may fall 20 - 35 pips

Pivot

1.0835

Our preference

Short positions below 1.0835 with targets at 1.0800 & 1.0785 in extension.

Alternative scenario

Above 1.0835 look for further upside with 1.0845 & 1.0855 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.0855

1.0845

1.0835

1.0820 Last

1.0800

1.0785

1.0775

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