EUR/USD may fall 12 - 27 pips

Pivot

1.0930

Our preference

Short positions below 1.0930 with targets at 1.0905 & 1.0890 in extension.

Alternative scenario

Above 1.0930 look for further upside with 1.0945 & 1.0960 as targets.

Comment

As long as 1.0930 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0960

1.0945

1.0930

1.0917 Last

1.0905

1.0890

1.0875

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