EUR/USD may fall 33 - 53 pips

Pivot

1.0790

Our preference

Short positions below 1.0790 with targets at 1.0720 & 1.0700 in extension.

Alternative scenario

Above 1.0790 look for further upside with 1.0820 & 1.0850 as targets.

Comment

The RSI calls for a slump.

Supports and resistances

1.0850

1.0820

1.0790

1.0753 Last

1.0720

1.0700

1.0680

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