EUR/USD may fall 22 - 42 pips

Pivot

1.0995

Our preference

Short positions below 1.0995 with targets at 1.0950 & 1.0930 in extension.

Alternative scenario

Above 1.0995 look for further upside with 1.1015 & 1.1035 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

1.1035

1.1015

1.0995

1.0972 Last

1.0950

1.0930

1.0910

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