EUR Trading Outlook (16-10-2015)

EURUSD

Pivot: 1.142

Likely scenario: Short positions below 1.142 with targets @ 1.1345 & 1.1305 in extension.

Alternative scenario: Above 1.142 look for further upside with 1.145 & 1.1495 as targets.

Comment: As long as the resistance at 1.142 is not surpassed, the risk of the break below 1.1345 remains high.

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