EUR Trading Outlook (14-01-2016)

EUR/USD Intraday: the upside prevails

Pivot: 1.084

Our preference: long positions above 1.084 with targets @ 1.09 & 1.0945 in extension.

Alternative scenario: below 1.084 look for further downside with 1.08 & 1.077 as targets.

Comment: the RSI broke above a declining trend line.

Supports and resistances:
1.0975 ***
1.0945 ***
1.09 ***
1.0882 Last
1.084 ***
1.08 ***
1.077 ***

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