EUR/USD may fall 8 - 23 pips

Pivot

1.0855

Our preference

Short positions below 1.0855 with targets at 1.0825 & 1.0810 in extension.

Alternative scenario

Above 1.0855 look for further upside with 1.0875 & 1.0885 as targets.

Comment

As long as the resistance at 1.0855 is not surpassed, the risk of the break below 1.0825 remains high.

Supports and resistances

1.0885

1.0875

1.0855

1.0833 Last

1.0825

1.0810

1.0795

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