EUR Trading Outlook (19-05-2016)

Trade EUR/USD Intraday: the downside prevails.

Pivot: 1.1290

Our preference: short positions below 1.1290 with targets @ 1.1210 & 1.1170 in extension.

Alternative scenario: above 1.1290 look for further upside with 1.1325 & 1.1350 as targets.

Comment: a break below 1.1210 would trigger a drop towards 1.1170.

Supports and resistances:
1.1350 ***
1.1325 **
1.1290 ***
1.1223 Last
1.1210 ***
1.1170 ***
1.1140 **

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