EUR/USD may fall 21 - 36 pips

Pivot

1.0905

Our preference

Short positions below 1.0905 with targets at 1.0860 & 1.0845 in extension.

Alternative scenario

Above 1.0905 look for further upside with 1.0920 & 1.0935 as targets.

Comment

As long as the resistance at 1.0905 is not surpassed, the risk of the break below 1.0860 remains high.

Supports and resistances

1.0935

1.0920

1.0905

1.0881 Last

1.0860

1.0845

1.0830

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