EUR/USD may fall 27 - 42 pips

Pivot

1.0805

Our preference

Short positions below 1.0805 with targets at 1.0735 & 1.0720 in extension.

Alternative scenario

Above 1.0805 look for further upside with 1.0830 & 1.0850 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.0850

1.0830

1.0805

1.0762 Last

1.0735

1.0720

1.0700

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