EUR Trading Outlook (02-02-2016)

EUR/USD Intraday: limited upside.

Pivot: 1.087

Our preference: long positions above 1.087 with targets @ 1.0925 & 1.094 in extension.

Alternative scenario: below 1.087 look for further downside with 1.0835 & 1.081 as targets.

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

Supports and resistances:
1.0965 **
1.094 **
1.0925 **
1.0887 Last
1.087 **
1.0835 *
1.081 ***

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