EUR Trading Outlook (14-03-2016)
EUR/USD ST: bullish bias above 1.0820.
Pivot: 1.0820
Our preference: long positions above 1.0820 with targets @ 1.1375 & 1.1495 in extension.
Alternative scenario: below 1.0820 look for further downside with 1.0570 & 1.0450 as targets.
Comment: a support base at 1.0820 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.1720 ***
1.1495 ***
1.1375 ***
1.1157 Last
1.0820 ***
1.0570 **
1.0450 ***