EUR/USD may fall 29 - 43 pips

Our pivot point stands at 1.0842.

Our preference

The downside prevails as long as 1.0842 is resistance.

Alternative scenario

The upside breakout of 1.0842, would call for 1.0864 and 1.0878.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0842 and 1.0852).

Supports and resistances

1.0878 **

1.0864 *

1.0842 **

1.0833

1.0823 last

1.0794

1.0780 **

1.0767 *

1.0753 **

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