EUR/USD may fall 23 - 38 pips

Pivot

1.1135

Our preference

Short positions below 1.1135 with targets at 1.1100 & 1.1085 in extension.

Alternative scenario

Above 1.1135 look for further upside with 1.1155 & 1.1170 as targets.

Comment

Intraday technical indicators are mixed and call for caution.

Supports and resistances

1.1170

1.1155

1.1135

1.1123 Last

1.1100

1.1085

1.1070

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