EUR Trading Outlook (24-02-2016)

EUR/USD Intraday: under pressure.

Pivot: 1.1065

Our preference: short positions below 1.1065 with targets @ 1.0985 & 1.0965 in extension.

Alternative scenario: above 1.1065 look for further upside with 1.1100 & 1.1140 as targets.

Comment: as long as the resistance at 1.1065 is not surpassed, the risk of the break below 1.0985 remains high.

Supports and resistances:
1.1140 ***
1.1100 ***
1.1065 ***
1.1019 Last
1.0985 ***
1.0965 ***
1.0935 ***

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