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 ***

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