EUR/USD may fall 24 - 39 pips

Pivot

1.0860

Our preference

Short positions below 1.0860 with targets at 1.0820 & 1.0805 in extension.

Alternative scenario

Above 1.0860 look for further upside with 1.0875 & 1.0885 as targets.

Comment

As long as 1.0860 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0885

1.0875

1.0860

1.0844 Last

1.0820

1.0805

1.0790

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