EUR/USD may fall 20 - 35 pips

Pivot

1.0900

Our preference

Short positions below 1.0900 with targets at 1.0860 & 1.0845 in extension.

Alternative scenario

Above 1.0900 look for further upside with 1.0915 & 1.0930 as targets.

Comment

As long as 1.0900 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0930

1.0915

1.0900

1.0880 Last

1.0860

1.0845

1.0830

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