EUR/USD may fall 22 - 37 pips

Pivot

1.1030

Our preference

Short positions below 1.1030 with targets at 1.1000 & 1.0985 in extension.

Alternative scenario

Above 1.1030 look for further upside with 1.1050 & 1.1065 as targets.

Comment

As long as the resistance at 1.1030 is not surpassed, the risk of the break below 1.1000 remains high.

Supports and resistances

1.1065

1.1050

1.1030

1.1022 Last

1.1000

1.0985

1.0970

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