EUR Trading Outlook (26-01-2016)

EUR/USD Intraday: continuation of the rebound.

Pivot: 1.082

Our preference: long positions above 1.082 with targets @ 1.0865 & 1.0895 in extension.

Alternative scenario: below 1.082 look for further downside with 1.0785 & 1.077 as targets.

Comment: the RSI is supported by a rising trend line.

Supports and resistances:

1.092 ***

1.0895 **

1.0865 *

1.0849 Last

1.082 **

1.0785 **

1.077 ***

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