EUR/USD may fall 25 - 45 pips

Intraday: the downside prevails.

Pivot

1.0875

Our preference

Short positions below 1.0875 with targets at 1.0810 & 1.0790 in extension.

Alternative scenario

Above 1.0875 look for further upside with 1.0895 & 1.0920 as targets.

Comment

The RSI shows downside momentum.

Supports and resistances

1.0920

1.0895

1.0875

1.0835 Last

1.0810

1.0790

1.0770

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

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