EUR Trading Outlook (21-03-2016)
EUR/USD Intraday: bullish bias above 1.1240.
Pivot: 1.1240
Our preference: long positions above 1.1240 with targets @ 1.1345 & 1.1375 in extension.
Alternative scenario: below 1.1240 look for further downside with 1.1200 & 1.1165 as targets.
Comment: a support base at 1.1240 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.1410 ***
1.1375 ***
1.1345 ***
1.1273 Last
1.1240 ***
1.1200 ***
1.1165 **