EUR/USD may fall 24 - 39 pips

Pivot

1.0990

Our preference

Short positions below 1.0990 with targets at 1.0950 & 1.0935 in extension.

Alternative scenario

Above 1.0990 look for further upside with 1.1010 & 1.1025 as targets.

Comment

As long as the resistance at 1.0990 is not surpassed, the risk of the break below 1.0950 remains high.

Supports and resistances

1.1025

1.1010

1.0990

1.0974 Last

1.0950

1.0935

1.0920

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