EUR/USD may fall 15 - 30 pips

Pivot

1.0855

Our preference

Short positions below 1.0855 with targets at 1.0820 & 1.0805 in extension.

Alternative scenario

Above 1.0855 look for further upside with 1.0870 & 1.0885 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.0885

1.0870

1.0855

1.0835 Last

1.0820

1.0805

1.0790

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