EUR/USD may fall 34 - 59 pips

Pivot

1.1190

Our preference

Short positions below 1.1190 with targets at 1.1095 & 1.1070 in extension.

Alternative scenario

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

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

1.1230

1.1210

1.1190

1.1129 Last

1.1095

1.1070

1.1055

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