EUR Trading Outlook (31-08-2015)

EURUSD

Pivot: 1.131

Likely scenario: Short positions below 1.131 with targets @ 1.12 & 1.1155 in extension.

Alternative scenario: Above 1.131 look for further upside with 1.135 & 1.141 as targets.

Comment: As long as 1.131 is resistance, look for choppy price action with a bearish bias.

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