EUR/USD may fall 12 - 22 pips

Pivot

1.0870

Our preference

Short positions below 1.0870 with targets at 1.0850 & 1.0840 in extension.

Alternative scenario

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

Comment

Intraday technical indicators are mixed and call for caution.

Supports and resistances

1.0900

1.0885

1.0870

1.0862 Last

1.0850

1.0840

1.0825

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