EUR/USD may fall 11 - 26 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 1.0720 & 1.0735 as targets.

Comment

A break below 1.0680 would trigger a drop towards 1.0665.

Supports and resistances

1.0735

1.0720

1.0705

1.0691 Last

1.0680

1.0665

1.0650

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