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EUR/USD Intraday: key resistance at 1.1415 - 05/04/2016 by ORBEX

orbex05042016 1

Pivot: 1.1415

Our preference: short positions below 1.1415 with targets @ 1.1355 & 1.1340 in extension.

Alternative scenario: above 1.1415 look for further upside with 1.1435 & 1.1465 as targets.

Comment: the RSI lacks upward momentum.

 

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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