EUR/USD may fall 26 - 51 pips

Pivot

1.1120

Our preference

Short positions below 1.1120 with targets at 1.1050 & 1.1025 in extension.

Alternative scenario

Above 1.1120 look for further upside with 1.1140 & 1.1160 as targets.

Comment

The immediate trend remains down and the momentum is strong.

Supports and resistances

1.1160

1.1140

1.1120

1.1076 Last

1.1050

1.1025

1.1000

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