EUR Trading Outlook (19-01-2016)

EUR/USD Intraday: the downside prevails.

Pivot: 1.091

Our preference: short positions below 1.091 with targets @ 1.087 & 1.0835 in extension.

Alternative scenario: above 1.091 look for further upside with 1.0945 & 1.0985 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:
1.0985 ***
1.0945 **
1.091 ***
1.089 Last
1.087 ***
1.0835 ***
1.08 ***

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