EUR Trading Outlook (29-02-2016)
EUR/USD Intraday: the downside prevails.
Pivot: 1.1000
Our preference: short positions below 1.1000 with targets @ 1.0900 & 1.0860 in extension.
Alternative scenario: above 1.1000 look for further upside with 1.1030 & 1.1070 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
1.1070 ***
1.1030 ***
1.1000 ***
1.0915 Last
1.0900 ***
1.0860 **
1.0810 **