EUR/USD may fall 16 - 36 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

As long as the resistance at 1.0840 is not surpassed, the risk of the break below 1.0800 remains high.

Supports and resistances

1.0870

1.0855

1.0840

1.0816 Last

1.0800

1.0780

1.0765

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