EUR/USD may fall 14 - 29 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 1.0855 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0885

1.0875

1.0855

1.0839 Last

1.0825

1.0810

1.0795

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