EUR/USD may fall 16 - 31 pips

Pivot

1.0885

Our preference

Short positions below 1.0885 with targets at 1.0855 & 1.0840 in extension.

Alternative scenario

Above 1.0885 look for further upside with 1.0895 & 1.0905 as targets.

Comment

The break below 1.0885 is a negative signal that has opened a path to 1.0855.

Supports and resistances

1.0905

1.0895

1.0885

1.0871 Last

1.0855

1.0840

1.0820

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