EUR Trading Outlook (01-03-2016)

EUR/USD Intraday: the downside prevails.

Pivot: 1.0940

Our preference: short positions below 1.0940 with targets @ 1.0810 & 1.0785 in extension.

Alternative scenario: above 1.0940 look for further upside with 1.0965 & 1.1000 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:
1.1000 **
1.0965 ***
1.0940 ***
1.0880 Last
1.0810 **
1.0785 **
1.0772 ***

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