EUR Trading Outlook (05-01-2016)
EUR/USD Intraday: the downside prevails
Pivot: 1.0895
Our preference: short positions below 1.0895 with targets @ 1.078 & 1.0755 in extension.
Alternative scenario: above 1.0895 look for further upside with 1.094 & 1.096 as targets.
Comment: the RSI is badly directed.
Supports and resistances:
1.096 **
1.094 ***
1.0895 ***
1.083 Last
1.078 ***
1.0755 ***
1.0715 **