EUR/USD may fall 22 - 37 pips

Pivot

1.0830

Our preference

Short positions below 1.0830 with targets at 1.0800 & 1.0785 in extension.

Alternative scenario

Above 1.0830 look for further upside with 1.0845 & 1.0860 as targets.

Comment

As long as 1.0830 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0860

1.0845

1.0830

1.0822 Last

1.0800

1.0785

1.0770

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