EUR/USD may fall 21 - 31 pips

Pivot

1.0700

Our preference

Short positions below 1.0700 with targets at 1.0675 & 1.0665 in extension.

Alternative scenario

Above 1.0700 look for further upside with 1.0710 & 1.0725 as targets.

Comment

As long as 1.0700 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.0725

1.0710

1.0700

1.0696 Last

1.0675

1.0665

1.0650

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