EUR/USD may fall to 1.0515 - 1.0600

Pivot

1.0820

Our preference

Short positions below 1.0820 with targets at 1.0600 & 1.0515 in extension.

Alternative scenario

Above 1.0820 look for further upside with 1.0910 & 1.0980 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

1.0980

1.0910

1.0820

1.0702 Last

1.0600

1.0515

1.0450

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