EUR/USD may fall 20 - 40 pips

Pivot

1.1030

Our preference

Short positions below 1.1030 with targets at 1.0990 & 1.0970 in extension.

Alternative scenario

Above 1.1030 look for further upside with 1.1045 & 1.1060 as targets.

Comment

As long as 1.1030 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.1060

1.1045

1.1030

1.1010 Last

1.0990

1.0970

1.0950

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