EUR/USD may fall 18 - 38 pips

Pivot

1.0830

Our preference

Short positions below 1.0830 with targets at 1.0780 & 1.0760 in extension.

Alternative scenario

Above 1.0830 look for further upside with 1.0845 & 1.0860 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

1.0860

1.0845

1.0830

1.0798 Last

1.0780

1.0760

1.0740

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