EUR/USD may fall 19 - 34 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

As long as 1.0835 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0855

1.0845

1.0835

1.0819 Last

1.0800

1.0785

1.0775

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