EUR/USD may fall 26 - 46 pips

Pivot

1.0745

Our preference

Short positions below 1.0745 with targets at 1.0690 & 1.0670 in extension.

Alternative scenario

Above 1.0745 look for further upside with 1.0770 & 1.0800 as targets.

Comment

The immediate trend remains down and the momentum is strong.

Supports and resistances

1.0800

1.0770

1.0745

1.0716 Last

1.0690

1.0670

1.0650

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