EUR Trading Outlook (13-01-2016)

EUR/USD Intraday: key resistance at 1.0885.

Pivot: 1.0885

Our preference: short positions below 1.0885 with targets @ 1.0815 & 1.077 in extension.

Alternative scenario: above 1.0885 look for further upside with 1.091 & 1.0945 as targets.

Comment: the RSI lacks upward momentum. The pair is trading within a bearish channel.

Supports and resistances:
1.0945 ***
1.091 ***
1.0885 ***
1.0848 Last
1.0815 ***
1.077 ***
1.074 ***

 

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