EUR/USD Intraday: the bias remains bullish.
Pivot:
1.1270
Our preference:
Long positions above 1.1270 with targets at 1.1315 & 1.1330 in extension.
Alternative scenario:
Below 1.1270 look for further downside with 1.1255 & 1.1240 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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