EUR/USD may fall 29 - 49 pips

Pivot

1.1190

Our preference

Short positions below 1.1190 with targets at 1.1130 & 1.1110 in extension.

Alternative scenario

Above 1.1190 look for further upside with 1.1210 & 1.1230 as targets.

Comment

The immediate trend remains down and the momentum is strong.

Supports and resistances

1.1230

1.1210

1.1190

1.1159 Last

1.1130

1.1110

1.1095

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