EUR/USD may fall 14 - 29 pips

Pivot

1.0875

Our preference

Short positions below 1.0875 with targets at 1.0845 & 1.0830 in extension.

Alternative scenario

Above 1.0875 look for further upside with 1.0885 & 1.0895 as targets.

Comment

The break below 1.0875 is a negative signal that has opened a path to 1.0845.

Supports and resistances

1.0895

1.0885

1.0875

1.0859 Last

1.0845

1.0830

1.0805

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