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EUR/USD Intraday: bullish bias above 1.1240.

orbex21032016 1

Pivot: 1.1240

Our preference: long positions above 1.1240 with targets @ 1.1305 & 1.1345 in extension.

Alternative scenario: below 1.1240 look for further downside with 1.1200 & 1.1165 as targets.

Comment: a support base at 1.1240 has formed and has allowed for a temporary stabilisation.

 

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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