EUR Trading Outlook (22-03-2016)

EUR/USD Intraday: the downside prevails.

Pivot: 1.1290

Our preference: short positions below 1.1290 with targets @ 1.1200 & 1.1165 in extension.

Alternative scenario: above 1.1290 look for further upside with 1.1345 & 1.1375 as targets.

Comment: the RSI advocates for further decline.

Supports and resistances:
1.1375 ***
1.1345 ***
1.1290 ***
1.1240 Last
1.1200 ***
1.1165 **
1.1120 ***

Ticker : EUR
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