EUR/USD may fall to 1.0515 - 1.0600

Pivot

1.0850

Our preference

Short positions below 1.0850 with targets at 1.0600 & 1.0515 in extension.

Alternative scenario

Above 1.0850 look for further upside with 1.0910 & 1.0980 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

1.0980

1.0910

1.0850

1.0715 Last

1.0600

1.0515

1.0450

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