EUR/USD Pivot Point 27May 2015

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EUR/USD Technical Analysis 

Source: Fxpro Forex Broker

EUR/USD Intraday: the downside prevails.

Pivot: 1.096

Most Likely Scenario: Short positions below 1.096 with targets @ 1.082 & 1.078 in extension.

Alternative scenario: Above 1.096 look for further upside with 1.1005 & 1.106 as targets.

Comment: The RSI lacks upward momentum.

EUR/USD Chart

euro vs usd

 

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