EUR/USD may fall 16 - 31 pips

Pivot

1.0905

Our preference

Short positions below 1.0905 with targets at 1.0870 & 1.0855 in extension.

Alternative scenario

Above 1.0905 look for further upside with 1.0920 & 1.0940 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

1.0940

1.0920

1.0905

1.0886 Last

1.0870

1.0855

1.0840

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