EUR/USD may fall 29 - 43 pips

Our pivot point stands at 1.1150.

Our preference

Under pressure below 1.1150.

Alternative scenario

The upside breakout of 1.1150, would call for 1.1173 and 1.1188.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.1146 and 1.1128).

Supports and resistances

1.1188 **

1.1173 *

1.1150 **

1.1141

1.1118 last

1.1089

1.1075 **

1.1061 *

1.1047 **

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