EUR Trading Outlook (16-03-2016)

EUR/USD Intraday: testing the channel support.

Pivot: 1.1135

Our preference: short positions below 1.1135 with targets @ 1.1070 & 1.1030 in extension.

Alternative scenario: above 1.1135 look for further upside with 1.1165 & 1.1220 as targets.

Comment: the RSI is mixed with a bearish bias.

Supports and resistances:
1.1220 ***
1.1165 ***
1.1135 ***
1.1115 Last
1.1070 ***
1.1030 **
1.0985 **

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