EUR Trading Outlook (08-01-2016)

EUR/USD Intraday: the upside prevails.

Pivot: 1.0825

Our preference: long positions above 1.0825 with targets @ 1.0945 & 1.099 in extension.

Alternative scenario: below 1.0825 look for further downside with 1.077 & 1.071 as targets.

Comment: the RSI is bullish and calls for further upside.

Supports and resistances:
1.1035 ***
1.099 ***
1.0945 ***
1.092 Last
1.0825 ***
1.077 ***
1.071 **

                         

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