EUR/USD may fall 23 - 38 pips

Pivot

1.0790

Our preference

Short positions below 1.0790 with targets at 1.0760 & 1.0745 in extension.

Alternative scenario

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

Comment

As long as 1.0790 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0820

1.0805

1.0790

1.0783 Last

1.0760

1.0745

1.0730

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