EUR Trading Outlook (07-09-2015)

EURUSD

Pivot: 1.1115

Likely scenario: Long positions above 1.1115 with targets @ 1.121 & 1.126 in extension.

Alternative scenario: Below 1.1115 look for further downside with 1.1085 & 1.105 as targets.

Comment: The RSI lacks downward momentum.

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