EUR Trading Outlook (20-01-2016)

EUR/USD Intraday: the bias remains bullish.

Pivot: 1.0855

Our preference: long positions above 1.0855 with targets @ 1.0945 & 1.0965 in extension.

Alternative scenario: below 1.0855 look for further downside with 1.0835 & 1.08 as targets.

Comment: technically the RSI is above its neutrality area at 50.

Supports and resistances:
1.0985 ***
1.0965 **
1.0945 ***
1.0906 Last
1.0855 ***
1.0835 ***
1.08 ***

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