EUR Trading Outlook (15-09-2015)

EURUSD

Pivot: 1.1335

Likely scenario: Short positions below 1.1335 with targets @ 1.128 & 1.125 in extension.

Alternative scenario: Above 1.1335 look for further upside with 1.137 & 1.14 as targets.

Comment: As long as 1.1335 is resistance, look for choppy price action with a bearish bias. The pair has broken below the lower boundary of a bullish channel.

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