EUR/USD may fall 21 - 36 pips

Pivot

1.1160

Our preference

Short positions below 1.1160 with targets at 1.1120 & 1.1105 in extension.

Alternative scenario

Above 1.1160 look for further upside with 1.1180 & 1.1200 as targets.

Comment

As long as the resistance at 1.1160 is not surpassed, the risk of the break below 1.1120 remains high.

Supports and resistances

1.1200

1.1180

1.1160

1.1141 Last

1.1120

1.1105

1.1085

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