EUR Trading Outlook (09-02-2016)

EUR/USD Intraday: further advance.

Pivot: 1.1120

Our preference: long positions above 1.1120 with targets @ 1.1240 & 1.1310 in extension.

Alternative scenario: below 1.1120 look for further downside with 1.1080 & 1.1030 as targets.

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

Supports and resistances:
1.1400 **
1.1310 ***
1.1240 ***
1.1196 Last
1.1120 ***
1.1080 **
1.1030 ***

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