EUR Trading Outlook (23-12-2015)

EUR/USD

Pivot: 1.09

Our preference: long positions above 1.09 with targets @ 1.098 & 1.101 in extension.

Alternative scenario: below 1.09 look for further downside with 1.0845 & 1.08 as targets.

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

Supports and resistances:
1.1035 ***
1.101 **
1.098 ***
1.095 Last
1.09 ***
1.0845 ***
1.08 ***

 

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