EUR/USD may fall 12 - 27 pips

Pivot

1.0820

Our preference

Short positions below 1.0820 with targets at 1.0785 & 1.0770 in extension.

Alternative scenario

Above 1.0820 look for further upside with 1.0835 & 1.0855 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.0855

1.0835

1.0820

1.0797 Last

1.0785

1.0770

1.0755

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