EUR Trading Outlook (10-02-2016)

EUR/USD Intraday: the bias remains bullish.

Pivot: 1.1235

Our preference: long positions above 1.1235 with targets @ 1.1340 & 1.1400 in extension.

Alternative scenario: below 1.1235 look for further downside with 1.1160 & 1.1080 as targets.

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

Supports and resistances:
1.1460 ***
1.1400 **
1.1340 ***
1.1289 Last
1.1235 ***
1.1160 **
1.1080 ***

 

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