EUR Trading Outlook (06-01-2016)

EUR/USD Intraday: the downside prevails

Pivot: 1.0805

Our preference: short positions below 1.0805 with targets @ 1.069 & 1.066 in extension.

Alternative scenario: above 1.0805 look for further upside with 1.0845 & 1.0865 as targets.

Comment: technically the RSI is below its neutrality area at 50.

Supports and resistances:
1.0865 **
1.0845 ***
1.0805 ***
1.0742 Last
1.069 ***
1.066 ***
1.0637 **

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