EUR/USD may fall 14 - 34 pips

Pivot

1.0980

Our preference

Short positions below 1.0980 with targets at 1.0950 & 1.0930 in extension.

Alternative scenario

Above 1.0980 look for further upside with 1.0995 & 1.1015 as targets.

Comment

As long as the resistance at 1.0980 is not surpassed, the risk of the break below 1.0950 remains high.

Supports and resistances

1.1015

1.0995

1.0980

1.0964 Last

1.0950

1.0930

1.0910

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