EUR Trading Outlook (16-05-2016)

Trade EUR/USD Intraday: under pressure.

Pivot: 1.1365

Our preference: short positions below 1.1365 with targets @ 1.1280 & 1.1245 in extension.

Alternative scenario: above 1.1365 look for further upside with 1.1390 & 1.1415 as targets.

Comment: as long as the resistance at 1.1365 is not surpassed, the risk of the break below 1.1280 remains high.

Supports and resistances:
1.1415 ***
1.1390 **
1.1365 ***
1.1305 Last
1.1280 ***
1.1245 **
1.1215 ***

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