EUR/USD may fall 17 - 37 pips

Pivot

1.0740

Our preference

Short positions below 1.0740 with targets at 1.0710 & 1.0690 in extension.

Alternative scenario

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

Comment

As long as the resistance at 1.0740 is not surpassed, the risk of the break below 1.0710 remains high.

Supports and resistances

1.0760

1.0750

1.0740

1.0727 Last

1.0710

1.0690

1.0665

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