EUR Trading Outlook (22-04-2016)

EUR/USD Intraday: key resistance at 1.1345.

Pivot: 1.1345

Our preference: short positions below 1.1345 with targets @ 1.1270 & 1.1245 in extension.

Alternative scenario: above 1.1345 look for further upside with 1.1390 & 1.1430 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances:
1.1430 ***
1.1390 ***
1.1345 ***
1.1297 Last
1.1270 ***
1.1245 ***
1.1220 ***

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