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 1.0800 & 1.0815 as targets.

Comment

A break below 1.0720 would trigger a drop towards 1.0690.

Supports and resistances

1.0815

1.0800

1.0775

1.0738 Last

1.0720

1.0690

1.0670

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