EUR/USD may fall 26 - 46 pips

Pivot

1.0890

Our preference

Short positions below 1.0890 with targets at 1.0860 & 1.0840 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 1.0860 remains high.

Supports and resistances

1.0915

1.0905

1.0890

1.0886 Last

1.0860

1.0840

1.0825

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