EUR Trading Outlook (21-08-2015)

EURUSD

Pivot: 1.119

Likely scenarios: Long positions above 1.119 with targets @ 1.131 & 1.137 in extension.

Alternative scenario: Below 1.119 look for further downside with 1.115 & 1.11 as targets.

Comment: The RSI is supported by a rising trend line.

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