EUR Trading Outlook (21-10-2015)

EURUSD

Pivot: 1.1395

Likely scenario: Short positions below 1.1395 with targets @ 1.1305 & 1.1265 in extension.

Alternative scenario: Above 1.1395 look for further upside with 1.145 & 1.1495 as targets.

Comment: As long as 1.1395 is resistance, look for choppy price action with a bearish bias.

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