EUR/USD may fall 5 - 25 pips

Pivot

1.0900

Our preference

Short positions below 1.0900 with targets at 1.0875 & 1.0855 in extension.

Alternative scenario

Above 1.0900 look for further upside with 1.0915 & 1.0930 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.0930

1.0915

1.0900

1.0880 Last

1.0875

1.0855

1.0840

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