EUR/USD may fall 10 - 25 pips

Pivot

1.0840

Our preference

Short positions below 1.0840 with targets at 1.0805 & 1.0790 in extension.

Alternative scenario

Above 1.0840 look for further upside with 1.0855 & 1.0870 as targets.

Comment

The break below 1.0840 is a negative signal that has opened a path to 1.0805.

Supports and resistances

1.0870

1.0855

1.0840

1.0815 Last

1.0805

1.0790

1.0750

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