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EUR/USD Intraday: range 16-03-2016 by ORBEX

orbex16032016 1

Pivot: 1.1135

Our preference: short positions below 1.1135 with targets @ 1.1070 & 1.1030 in extension.

Alternative scenario: above 1.1135 look for further upside with 1.1165 & 1.1220 as targets.

Comment: technically the RSI is below its neutrality area at 50.

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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