EUR/USD Intraday: bullish bias above 1.1615.
EUR/USD (EUR/USD)
-0.00080-0.07%
long positions above 1.1615 with targets at 1.1655 & 1.1670 in extension.
Pivot: 1.1615
Our preference: long positions above 1.1615 with targets at 1.1655 & 1.1670 in extension.
Alternative scenario: below 1.1615 look for further downside with 1.1600 & 1.1585 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1685 **
1.1670 **
1.1655 ***
1.1640 Last
1.1615 ***
1.1600 **
1.1585 ***
Our preference: long positions above 1.1615 with targets at 1.1655 & 1.1670 in extension.
Alternative scenario: below 1.1615 look for further downside with 1.1600 & 1.1585 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1685 **
1.1670 **
1.1655 ***
1.1640 Last
1.1615 ***
1.1600 **
1.1585 ***
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