EUR/USD may fall to 1.0775 - 1.0810

Pivot

1.1200

Our preference

Short positions below 1.1200 with targets at 1.0810 & 1.0775 in extension.

Alternative scenario

Above 1.1200 look for further upside with 1.1275 & 1.1380 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

1.1380

1.1275

1.1200

1.0875 Last

1.0810

1.0775

1.0670

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