EUR/USD may fall 29 - 59 pips

Pivot

1.0945

Our preference

Short positions below 1.0945 with targets at 1.0910 & 1.0880 in extension.

Alternative scenario

Above 1.0945 look for further upside with 1.0970 & 1.0980 as targets.

Comment

As long as 1.0945 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0980

1.0970

1.0945

1.0939 Last

1.0910

1.0880

1.0850

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