EUR/USD may fall 16 - 31 pips

Pivot

1.0840

Our preference

Short positions below 1.0840 with targets at 1.0805 & 1.0790 in extension.

Alternative scenario

Above 1.0840 look for further upside with 1.0855 & 1.0870 as targets.

Comment

The RSI advocates for further downside.

Supports and resistances

1.0870

1.0855

1.0840

1.0821 Last

1.0805

1.0790

1.0775

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