EUR/USD may fall 23 - 38 pips

Pivot

1.0925

Our preference

Short positions below 1.0925 with targets at 1.0875 & 1.0860 in extension.

Alternative scenario

Above 1.0925 look for further upside with 1.0945 & 1.0960 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

1.0960

1.0945

1.0925

1.0898 Last

1.0875

1.0860

1.0845

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