EUR/USD may fall 12 - 27 pips

Pivot

1.0990

Our preference

Short positions below 1.0990 with targets at 1.0965 & 1.0950 in extension.

Alternative scenario

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

Comment

The RSI has just struck against its neutrality area at 50% and is reversing down.

Supports and resistances

1.1025

1.1010

1.0990

1.0977 Last

1.0965

1.0950

1.0935

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