EUR/USD may fall 23 - 38 pips

Pivot

1.0865

Our preference

Short positions below 1.0865 with targets at 1.0830 & 1.0815 in extension.

Alternative scenario

Above 1.0865 look for further upside with 1.0880 & 1.0900 as targets.

Comment

As long as 1.0865 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0900

1.0880

1.0865

1.0853 Last

1.0830

1.0815

1.0800

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