EUR Trading Outlook (21-01-2016)

EUR/USD Intraday: under pressure.

Pivot: 1.0935

Our preference: short positions below 1.0935 with targets @ 1.0855 & 1.0835 in extension.

Alternative scenario: above 1.0935 look for further upside with 1.0975 & 1.101 as targets.

Comment: the RSI is badly directed.

Supports and resistances:
1.101 **
1.0975 ***
1.0935 ***
1.0888 Last
1.0855 ***
1.0835 ***
1.08 ***

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