EUR Trading Outlook (24-03-2016)

EUR/USD Intraday: under pressure.

Pivot: 1.1205

Our preference: short positions below 1.1205 with targets @ 1.1140 & 1.1120 in extension.

Alternative scenario: above 1.1205 look for further upside with 1.1233 & 1.1260 as targets.

Comment: technically the RSI is below its neutrality area at 50. The pair remains within a bearish channel.

Supports and resistances:
1.1260 ***
1.1233 ***
1.1205 ***
1.1179 Last
1.1140 **
1.1120 ***
1.1055 ***

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