EUR/USD may fall 20 - 35 pips

Pivot

1.1140

Our preference

Short positions below 1.1140 with targets at 1.1105 & 1.1090 in extension.

Alternative scenario

Above 1.1140 look for further upside with 1.1155 & 1.1170 as targets.

Comment

As long as 1.1140 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.1170

1.1155

1.1140

1.1125 Last

1.1105

1.1090

1.1075

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