EUR/USD may fall 12 - 27 pips

Pivot

1.0870

Our preference

Short positions below 1.0870 with targets at 1.0840 & 1.0825 in extension.

Alternative scenario

Above 1.0870 look for further upside with 1.0885 & 1.0900 as targets.

Comment

As long as 1.0870 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0900

1.0885

1.0870

1.0852 Last

1.0840

1.0825

1.0810

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