EUR/USD may fall 20 - 40 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

As long as the resistance at 1.0865 is not surpassed, the risk of the break below 1.0825 remains high.

Supports and resistances

1.0895

1.0880

1.0865

1.0845 Last

1.0825

1.0805

1.0790

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