EUR/USD may fall 22 - 37 pips

Pivot

1.0870

Our preference

Short positions below 1.0870 with targets at 1.0825 & 1.0810 in extension.

Alternative scenario

Above 1.0870 look for further upside with 1.0885 & 1.0900 as targets.

Comment

The break below 1.0870 is a negative signal that has opened a path to 1.0825.

Supports and resistances

1.0900

1.0885

1.0870

1.0847 Last

1.0825

1.0810

1.0795

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