EUR/USD may fall 17 - 37 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 calls for a new downleg.

Supports and resistances

1.0860

1.0845

1.0830

1.0797 Last

1.0780

1.0760

1.0740

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