EUR/USD may fall 14 - 39 pips

Pivot

1.0870

Our preference

Short positions below 1.0870 with targets at 1.0830 & 1.0805 in extension.

Alternative scenario

Above 1.0870 look for further upside with 1.0885 & 1.0895 as targets.

Comment

The break below 1.0870 is a negative signal that has opened a path to 1.0830.

Supports and resistances

1.0895

1.0885

1.0870

1.0844 Last

1.0830

1.0805

1.0775

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