EUR/USD may fall 7 - 22 pips

Pivot

1.0790

Our preference

Short positions below 1.0790 with targets at 1.0770 & 1.0755 in extension.

Alternative scenario

Above 1.0790 look for further upside with 1.0805 & 1.0820 as targets.

Comment

The break below 1.0790 is a negative signal that has opened a path to 1.0770.

Supports and resistances

1.0820

1.0805

1.0790

1.0777 Last

1.0770

1.0755

1.0730

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