EUR Trading Outlook (11-08-2015)

EURUSD

Pivot: 1.101

Likely Scenario: Short positions below 1.101 with targets @ 1.0955 & 1.092 in extension.

Alternative scenario: Above 1.101 look for further upside with 1.1045 & 1.108 as targets.

Comment: The RSI is bearish and calls for further downside.

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