EUR Trading Outlook (27-01-2016)

EUR/USD Intraday: the downside prevails

Pivot: 1.0875

Our preference: short positions below 1.0875 with targets @ 1.0805 & 1.0785 in extension.

Alternative scenario: above 1.0875 look for further upside with 1.0895 & 1.092 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:

1.092 ***

1.0895 **

1.0875 ***

1.0849 Last

1.0805 ***

1.0785 ***

1.077 **

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