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EUR/USD Intraday: under pressure 04-04-2016 by ORBEX

orbex04042016 1

 

Pivot: 1.1435

Our preference: short positions below 1.1435 with targets @ 1.1340 & 1.1310 in extension.

Alternative scenario: above 1.1435 look for further upside with 1.1495 & 1.1535 as targets.

Comment: the RSI is mixed to bearish.

 

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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