EUR/USD may fall 23 - 38 pips

Intraday: under pressure.

Pivot

1.0950

Our preference

Short positions below 1.0950 with targets at 1.0900 & 1.0885 in extension.

Alternative scenario

Above 1.0950 look for further upside with 1.0965 & 1.0980 as targets.

Comment

As long as the resistance at 1.0950 is not surpassed, the risk of the break below 1.0900 remains high.

Supports and resistances

1.0980

1.0965

1.0950

1.0923 Last

1.0900

1.0885

1.0870

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

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