EUR/USD may fall 15 - 35 pips

Pivot

1.0825

Our preference

Short positions below 1.0825 with targets at 1.0780 & 1.0760 in extension.

Alternative scenario

Above 1.0825 look for further upside with 1.0840 & 1.0855 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

1.0855

1.0840

1.0825

1.0795 Last

1.0780

1.0760

1.0740

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