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EUR/USD upside limited - Rabobank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at Rabobank offered a technical analyses of EUR/USD in a snap shot.

    Key Quotes:

    "EUR/USD intraday: key resistance at 1.0665.

    Pivot: 1.0665.

    Most Likely Scenario: Short positions below 1.0665 with targets @ 1.06 & 1.056 in extension.

    Alternative scenario: Above 1.0665 look for further upside with 1.071 & 1.0765 as targets.

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