EUR Trading Outlook (11-02-2016)

EUR/USD Intraday: consolidation.

Pivot: 1.1340

Our preference: short positions below 1.1340 with targets @ 1.1220 & 1.1160 in extension.

Alternative scenario: above 1.1340 look for further upside with 1.1400 & 1.1460 as targets.

Comment: as long as 1.1340 is resistance, expect a return to 1.1220.

Supports and resistances:
1.1460 ***
1.1400 **
1.1340 ***
1.1277 Last
1.1220 ***
1.1160 ***
1.1080 **

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