EUR Trading Outlook (25-08-2015)

EURUSD

Pivot: 1.1495

Likely scenario: Long positions above 1.1495 with targets @ 1.1625 & 1.173 in extension.

Alternative scenario: Below 1.1495 look for further downside with 1.1395 & 1.1345 as targets.

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

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