EUR Trading Outlook (11-01-2016)

EUR/USD Intraday: the upside prevails

Pivot: 1.0875

Our preference: long positions above 1.0875 with targets @ 1.099 & 1.1035 in extension.

Alternative scenario: below 1.0875 look for further downside with 1.0825 & 1.077 as targets.

Comment: the RSI calls for a new upleg.

Supports and resistances:
1.106 ***
1.1035 ***
1.099 ***
1.0944 Last
1.0875 ***
1.0825 ***
1.077 ***

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