EUR Trading Outlook (02-03-2016)
EUR/USD Intraday: the downside prevails.
Pivot: 1.0892
Our preference: short positions below 1.0892 with targets @ 1.0810 & 1.0785 in extension.
Alternative scenario: above 1.0892 look for further upside with 1.0915 & 1.0940 as targets.
Comment: the RSI calls for a drop.
Supports and resistances:
1.0940 ***
1.0915 **
1.0892 ***
1.0870 Last
1.0810 ***
1.0785 ***
1.0750 **