EUR Trading Outlook (17-12-2015)

EUR/USD Intraday: the downside prevails.
Pivot: 1.0985

Our preference: short positions below 1.0985 with targets @ 1.0875 & 1.0835 in extension.

Alternative scenario: above 1.0985 look for further upside with 1.1015 & 1.105 as targets.

Comment: a break below 1.0875 would trigger a drop towards 1.0835.

Supports and resistances:
1.105 **
1.1015 ***
1.0985 **
1.0903 Last
1.0875 ***
1.0835 ***
1.0795 ***

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