EUR/USD may fall 29 - 43 pips

1.0859 is our pivot point.

Our preference

The downside prevails as long as 1.0859 is resistance.

Alternative scenario

Above 1.0859, look for 1.0881 and 1.0895.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.0852 and 1.0859). Finally, the EUR/USD is trading below its lower Bollinger band (standing at 1.0839).

Supports and resistances

1.0895 **

1.0881 *

1.0859 **

1.0850

1.0838 last

1.0809

1.0795 **

1.0782 *

1.0768 **

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