EUR/USD may fall 18 - 33 pips

Pivot

1.0850

Our preference

Short positions below 1.0850 with targets at 1.0810 & 1.0795 in extension.

Alternative scenario

Above 1.0850 look for further upside with 1.0865 & 1.0880 as targets.

Comment

A break below 1.0810 would trigger a drop towards 1.0795.

Supports and resistances

1.0880

1.0865

1.0850

1.0828 Last

1.0810

1.0795

1.0780

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