EUR/USD may fall 6 - 21 pips

Pivot

1.0705

Our preference

Short positions below 1.0705 with targets at 1.0680 & 1.0665 in extension.

Alternative scenario

Above 1.0705 look for further upside with 1.0715 & 1.0725 as targets.

Comment

As long as the resistance at 1.0705 is not surpassed, the risk of the break below 1.0680 remains high.

Supports and resistances

1.0725

1.0715

1.0705

1.0686 Last

1.0680

1.0665

1.0650

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