EUR/USD may fall 21 - 41 pips

Pivot

1.0810

Our preference

Short positions below 1.0810 with targets at 1.0775 & 1.0755 in extension.

Alternative scenario

Above 1.0810 look for further upside with 1.0830 & 1.0850 as targets.

Comment

As long as the resistance at 1.0810 is not surpassed, the risk of the break below 1.0775 remains high.

Supports and resistances

1.0850

1.0830

1.0810

1.0796 Last

1.0775

1.0755

1.0735

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