8085271 11/8/2017 3:25 AM, EUR/USD Intraday: caution.


Pivot: 1.1600


Our preference:

short positions below 1.1600 with targets at 1.1570 & 1.1555 in extension.


Alternative scenario:

above 1.1600 look for further upside with 1.1620 & 1.1640 as targets.


Comment:

the RSI is mixed and calls for caution. The pair is trading in a bearish channel.


Supports and resistances:


1.1640 **

1.1620 **

1.1600 ***


1.1590

Last

1.1570 *

1.1555 *

1.1530 **