EUR/USD Intraday: under pressure.

2016-10-07

Pivot: 1.1165

Our preference: short positions below 1.1165 with targets at 1.1100 & 1.1070 in extension.

Alternative scenario: above 1.1165 look for further upside with 1.1190 & 1.1220 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:
1.1220 ***
1.1190 ***
1.1165 ***
1.1111 Last
1.1100 ***
1.1070 ***
1.1030 ***