EUR/USD may fall 28 - 41 pips

1.0859 is our pivot point.

Our preference

The downside prevails as long as 1.0859 is resistance.

Alternative scenario

Above 1.0859, look for 1.0881 and 1.0894.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0849 and 1.0847).

Supports and resistances

1.0894 **

1.0881 *

1.0859 **

1.0851

1.0841 last

1.0813

1.0800 **

1.0787 *

1.0775 **

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