EUR/USD may fall 21 - 36 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

As long as 1.0850 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0880

1.0865

1.0850

1.0831 Last

1.0810

1.0795

1.0780

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