EUR/USD may fall 41 - 61 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 immediate trend remains down and the momentum is strong.

Supports and resistances

1.0850

1.0820

1.0790

1.0761 Last

1.0720

1.0700

1.0680

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