EUR/USD may fall 10 - 20 pips

Pivot

1.0890

Our preference

Short positions below 1.0890 with targets at 1.0870 & 1.0860 in extension.

Alternative scenario

Above 1.0890 look for further upside with 1.0905 & 1.0915 as targets.

Comment

As long as the resistance at 1.0890 is not surpassed, the risk of the break below 1.0870 remains high.

Supports and resistances

1.0915

1.0905

1.0890

1.0880 Last

1.0870

1.0860

1.0845

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