EUR/USD may fall 14 - 29 pips

Pivot

1.0855

Our preference

Short positions below 1.0855 with targets at 1.0825 & 1.0810 in extension.

Alternative scenario

Above 1.0855 look for further upside with 1.0865 & 1.0880 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.0880

1.0865

1.0855

1.0839 Last

1.0825

1.0810

1.0785

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