EUR Trading Outlook (17-09-2015)

EURUSD

Pivot: 1.1265

Likely scenario: Long positions above 1.1265 with targets @ 1.133 & 1.137 in extension.

Alternative scenario: Below 1.1265 look for further downside with 1.121 & 1.118 as targets.

Comment: The RSI is mixed with a bullish bias. The pair has broken above the upper boundary of a bearish channel and remains on the upside.


 

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