EUR/USD may fall 21 - 36 pips

Pivot

1.0945

Our preference

Short positions below 1.0945 with targets at 1.0905 & 1.0890 in extension.

Alternative scenario

Above 1.0945 look for further upside with 1.0965 & 1.0985 as targets.

Comment

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

Supports and resistances

1.0985

1.0965

1.0945

1.0926 Last

1.0905

1.0890

1.0870

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