EUR/USD may fall 9 - 29 pips

Pivot

1.0895

Our preference

Short positions below 1.0895 with targets at 1.0860 & 1.0840 in extension.

Alternative scenario

Above 1.0895 look for further upside with 1.0915 & 1.0925 as targets.

Comment

As long as the resistance at 1.0895 is not surpassed, the risk of the break below 1.0860 remains high.

Supports and resistances

1.0925

1.0915

1.0895

1.0869 Last

1.0860

1.0840

1.0825

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