EUR/USD may fall 16 - 36 pips

Pivot

1.0725

Our preference

Short positions below 1.0725 with targets at 1.0685 & 1.0665 in extension.

Alternative scenario

Above 1.0725 look for further upside with 1.0755 & 1.0780 as targets.

Comment

A break below 1.0685 would trigger a drop towards 1.0665.

Supports and resistances

1.0780

1.0755

1.0725

1.0701 Last

1.0685

1.0665

1.0650

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