EUR/USD may fall 17 - 32 pips

Pivot

1.1135

Our preference

Short positions below 1.1135 with targets at 1.1110 & 1.1095 in extension.

Alternative scenario

Above 1.1135 look for further upside with 1.1150 & 1.1165 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.1135.

Supports and resistances

1.1165

1.1150

1.1135

1.1127 Last

1.1110

1.1095

1.1080

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