EUR/USD may fall 26 - 56 pips

Pivot

1.0755

Our preference

Short positions below 1.0755 with targets at 1.0700 & 1.0670 in extension.

Alternative scenario

Above 1.0755 look for further upside with 1.0780 & 1.0800 as targets.

Comment

The break below 1.0755 is a negative signal that has opened a path to 1.0700.

Supports and resistances

1.0800

1.0780

1.0755

1.0726 Last

1.0700

1.0670

1.0650

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