EUR Trading Outlook (31-07-2015)

EURUSD

Pivot: 1.099

Likely scenario: Short positions below 1.099 with targets @ 1.089 & 1.087 in extension.

Alternative scenario: Above 1.099 look for further upside with 1.1025 & 1.1085 as targets.

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

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