EUR/USD may fall 14 - 34 pips

Pivot

1.0765

Our preference

Short positions below 1.0765 with targets at 1.0720 & 1.0700 in extension.

Alternative scenario

Above 1.0765 look for further upside with 1.0800 & 1.0820 as targets.

Comment

As long as 1.0765 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0820

1.0800

1.0765

1.0734 Last

1.0720

1.0700

1.0680

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