EUR/USD may fall 42 - 57 pips

Pivot

1.0725

Our preference

Short positions below 1.0725 with targets at 1.0665 & 1.0650 in extension.

Alternative scenario

Above 1.0725 look for further upside with 1.0745 & 1.0770 as targets.

Comment

As long as 1.0725 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0770

1.0745

1.0725

1.0707 Last

1.0665

1.0650

1.0620

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