EUR/USD Intraday: rebound expected 15-03-2016 by Orbex
Our preference: long positions above 1.1080 with targets @ 1.1165 & 1.1220 in extension.
Alternative scenario: below 1.1080 look for further downside with 1.1030 & 1.0985 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
|Green Lines Represent Resistances|
|Red Lines Represent Support Levels|
|Light Blue is a Pivot Point|
|Black represents the price when the report was produced|