EUR/USD may fall 14 - 29 pips

Pivot

1.0940

Our preference

Short positions below 1.0940 with targets at 1.0915 & 1.0900 in extension.

Alternative scenario

Above 1.0940 look for further upside with 1.0955 & 1.0970 as targets.

Comment

As long as 1.0940 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0970

1.0955

1.0940

1.0929 Last

1.0915

1.0900

1.0885

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