EUR/USD may fall 12 - 32 pips

Pivot

1.0865

Our preference

Short positions below 1.0865 with targets at 1.0825 & 1.0805 in extension.

Alternative scenario

Above 1.0865 look for further upside with 1.0880 & 1.0895 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

1.0895

1.0880

1.0865

1.0837 Last

1.0825

1.0805

1.0790

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