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EUR/USD Intraday: the upside prevails.

orbex17032016 1

Pivot: 1.1165

Our preference: long positions above 1.1165 with targets @ 1.1275 & 1.1320 in extension.

Alternative scenario: below 1.1165 look for further downside with 1.1125 & 1.1055 as targets.

Comment: the RSI is well directed.

 

Chart Caption
    Green Lines Represent Resistances
    Red Lines Represent Support Levels
    Light Blue is a Pivot Point
    Black represents the price when the report was produced

Source: www.orbex.com

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