EUR/USD may fall 28 - 48 pips

Pivot

1.0730

Our preference

Short positions below 1.0730 with targets at 1.0690 & 1.0670 in extension.

Alternative scenario

Above 1.0730 look for further upside with 1.0745 & 1.0760 as targets.

Comment

As long as 1.0730 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0760

1.0745

1.0730

1.0718 Last

1.0690

1.0670

1.0650

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