EUR/USD may fall 17 - 32 pips

Pivot

1.1145

Our preference

Short positions below 1.1145 with targets at 1.1105 & 1.1090 in extension.

Alternative scenario

Above 1.1145 look for further upside with 1.1160 & 1.1175 as targets.

Comment

As long as 1.1145 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.1175

1.1160

1.1145

1.1122 Last

1.1105

1.1090

1.1070

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