EUR/USD may fall 24 - 39 pips

Pivot

1.0865

Our preference

Short positions below 1.0865 with targets at 1.0825 & 1.0810 in extension.

Alternative scenario

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

Comment

As long as 1.0865 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0895

1.0880

1.0865

1.0849 Last

1.0825

1.0810

1.0790

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