EUR/USD may fall 21 - 41 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

As long as the resistance at 1.0995 is not surpassed, the risk of the break below 1.0950 remains high.

Supports and resistances

1.1035

1.1015

1.0995

1.0971 Last

1.0950

1.0930

1.0910

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