EUR/USD may fall 25 - 55 pips

Pivot

1.0820

Our preference

Short positions below 1.0820 with targets at 1.0750 & 1.0720 in extension.

Alternative scenario

Above 1.0820 look for further upside with 1.0850 & 1.0870 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

1.0870

1.0850

1.0820

1.0775 Last

1.0750

1.0720

1.0700

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