EUR/USD may fall 17 - 37 pips

Pivot

1.0730

Our preference

Short positions below 1.0730 with targets at 1.0685 & 1.0665 in extension.

Alternative scenario

Above 1.0730 look for further upside with 1.0755 & 1.0780 as targets.

Comment

As long as the resistance at 1.0730 is not surpassed, the risk of the break below 1.0685 remains high.

Supports and resistances

1.0780

1.0755

1.0730

1.0702 Last

1.0685

1.0665

1.0650

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