EUR Trading Outlook (17-03-2016)

EUR/USD Intraday: bounce.

Pivot: 1.1125

Our preference: long positions above 1.1125 with targets @ 1.1245 & 1.1275 in extension.

Alternative scenario: below 1.1125 look for further downside with 1.1055 & 1.1030 as targets.

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

Supports and resistances:
1.1320 ***
1.1275 ***
1.1245 ***
1.1209 Last
1.1125 ***
1.1055 **
1.1030 ***

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