EUR Trading Outlook (12-01-2016)

EUR/USD Intraday: consolidation

Pivot: 1.0945

Our preference: short positions below 1.0945 with targets @ 1.0825 & 1.077 in extension.

Alternative scenario: above 1.0945 look for further upside with 1.097 & 1.099 as targets.

Comment: the RSI is badly directed.

Supports and resistances:
1.099 ***
1.097 ***
1.0945 ***
1.085 Last
1.0825 ***
1.077 ***
1.071 ***

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