EUR/USD may fall 14 - 34 pips

Pivot

1.0840

Our preference

Short positions below 1.0840 with targets at 1.0800 & 1.0780 in extension.

Alternative scenario

Above 1.0840 look for further upside with 1.0855 & 1.0870 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

1.0870

1.0855

1.0840

1.0814 Last

1.0800

1.0780

1.0765

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