EUR/USD may fall 39 - 69 pips

Pivot

1.0730

Our preference

Short positions below 1.0730 with targets at 1.0650 & 1.0620 in extension.

Alternative scenario

Above 1.0730 look for further upside with 1.0745 & 1.0770 as targets.

Comment

As long as 1.0730 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0770

1.0745

1.0730

1.0689 Last

1.0650

1.0620

1.0600

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