EUR Trading Outlook (15-03-2016)
EUR/USD Intraday: rebound expected
Pivot: 1.1080
Our preference: long positions above 1.1080 with targets @ 1.1165 & 1.1220 in extension.
Alternative scenario: below 1.1080 look for further downside with 1.1030 & 1.0985 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
1.1295 ***
1.1220 ***
1.1165 ***
1.1090 Last
1.1080 ***
1.1030 **
1.0985 **