EUR/USD may fall 17 - 57 pips

Pivot

1.0945

Our preference

Short positions below 1.0945 with targets at 1.0890 & 1.0850 in extension.

Alternative scenario

Above 1.0945 look for further upside with 1.0980 & 1.1010 as targets.

Comment

As long as 1.0945 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.1010

1.0980

1.0945

1.0907 Last

1.0890

1.0850

1.0830

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