EUR/USD may fall 32 - 52 pips

Pivot

1.0860

Our preference

Short positions below 1.0860 with targets at 1.0825 & 1.0805 in extension.

Alternative scenario

Above 1.0860 look for further upside with 1.0875 & 1.0885 as targets.

Comment

As long as the resistance at 1.0860 is not surpassed, the risk of the break below 1.0825 remains high.

Supports and resistances

1.0885

1.0875

1.0860

1.0857 Last

1.0825

1.0805

1.0790

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