EUR Trading Outlook (25-02-2016)

EUR/USD Intraday: key resistance at 1.1040.

Pivot: 1.1040

Our preference: short positions below 1.1040 with targets @ 1.0955 & 1.0935 in extension.

Alternative scenario: above 1.1040 look for further upside with 1.1065 & 1.1100 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.1040.

Supports and resistances:
1.1100 ***
1.1065 ***
1.1040 ***
1.1016 Last
1.0955 ***
1.0935 ***
1.0900 ***

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