EUR/USD may fall 25 - 40 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 1.1160 & 1.1175 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.1140.

Supports and resistances

1.1175

1.1160

1.1140

1.1130 Last

1.1105

1.1090

1.1075

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