EUR Trading Outlook (08-09-2015)

EURUSD

Pivot: 1.115

Likely scenario: Long positions above 1.115 with targets @ 1.126 & 1.1295 in extension.

Alternative scenario: Below 1.115 look for further downside with 1.1115 & 1.1085 as targets.

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


 

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