EUR/USD may fall 20 - 35 pips

Pivot

1.0920

Our preference

Short positions below 1.0920 with targets at 1.0875 & 1.0860 in extension.

Alternative scenario

Above 1.0920 look for further upside with 1.0935 & 1.0950 as targets.

Comment

As long as 1.0920 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0950

1.0935

1.0920

1.0895 Last

1.0875

1.0860

1.0845

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