EUR Trading Outlook (18-05-2016)
Trade EUR/USD Intraday: intraday support around 1.1300.
Pivot: 1.1300
Our preference: long positions above 1.1300 with targets @ 1.1350 & 1.1365 in extension.
Alternative scenario: below 1.1300 look for further downside with 1.1280 & 1.1245 as targets.
Comment: a support base at 1.1300 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.1390 ***
1.1365 **
1.1350 ***
1.1312 Last
1.1300 ***
1.1280 ***
1.1245 **