EUR/USD may fall 17 - 42 pips

Pivot

1.0850

Our preference

Short positions below 1.0850 with targets at 1.0805 & 1.0780 in extension.

Alternative scenario

Above 1.0850 look for further upside with 1.0870 & 1.0885 as targets.

Comment

The break below the support at 1.0850 triggered a bearish acceleration to the support at 1.0805.

Supports and resistances

1.0885

1.0870

1.0850

1.0822 Last

1.0805

1.0780

1.0750

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