EURUSD Intra-day Analysis 16 January 2017

Under Pressure

Our Pivot: 1.0653

Our Preference: Short sell below 1.0625 with strict stop loss of 1.0653 and target at 1.0573 and 1.0535.

Alternate Scenario: Upward penetration of 1.0653 will call for 1.0685.

NOTE: Capped by a negative trend line.

Chart with Supports and Resistances