EUR/USD may fall 23 - 38 pips

Pivot

1.0915

Our preference

Short positions below 1.0915 with targets at 1.0875 & 1.0860 in extension.

Alternative scenario

Above 1.0915 look for further upside with 1.0935 & 1.0950 as targets.

Comment

As long as 1.0915 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0950

1.0935

1.0915

1.0898 Last

1.0875

1.0860

1.0845

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