EUR Trading Outlook (26-02-2016)

EUR/USD Intraday: bullish bias above 1.0990.

Pivot: 1.0990

Our preference: long positions above 1.0990 with targets @ 1.1065 & 1.1100 in extension.

Alternative scenario: below 1.0990 look for further downside with 1.0955 & 1.0935 as targets.

Comment: a support base at 1.0990 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
1.1140 ***
1.1100 ***
1.1065 ***
1.1019 Last
1.0990 ***
1.0955 ***
1.0935 ***

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