EUR/USD may fall 28 - 43 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

The upward potential is likely to be limited by the resistance at 1.0850.

Supports and resistances

1.0880

1.0865

1.0850

1.0838 Last

1.0810

1.0795

1.0780

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