EUR Trading Outlook (28-07-2015)

EURUSD

Pivot: 1.104

Likely scenario: Long positions above 1.104 with targets @ 1.113 & 1.116 in extension.

Alternative scenario: Below 1.104 look for further downside with 1.0995 & 1.096 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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