EUR Trading Outlook (19-08-2015)

EURUSD

Pivot: 1.1095

Likely scenario: Short positions below 1.1095 with targets @ 1.1015 & 1.098 in extension.

Alternative scenario: Above 1.1095 look for further upside with 1.1125 & 1.1165 as targets.

Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

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