EUR/USD may fall 18 - 48 pips

Pivot

1.0740

Our preference

Short positions below 1.0740 with targets at 1.0695 & 1.0665 in extension.

Alternative scenario

Above 1.0740 look for further upside with 1.0750 & 1.0760 as targets.

Comment

The break below 1.0740 is a negative signal that has opened a path to 1.0695.

Supports and resistances

1.0760

1.0750

1.0740

1.0713 Last

1.0695

1.0665

1.0650

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