EUR/USD may fall 23 - 38 pips

Pivot

1.0875

Our preference

Short positions below 1.0875 with targets at 1.0830 & 1.0815 in extension.

Alternative scenario

Above 1.0875 look for further upside with 1.0895 & 1.0910 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

1.0910

1.0895

1.0875

1.0853 Last

1.0830

1.0815

1.0800

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