EUR/USD may fall 18 - 48 pips

Pivot

1.0775

Our preference

Short positions below 1.0775 with targets at 1.0720 & 1.0690 in extension.

Alternative scenario

Above 1.0775 look for further upside with 1.0795 & 1.0815 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

1.0815

1.0795

1.0775

1.0738 Last

1.0720

1.0690

1.0670

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