EUR/USD Intraday: capped by a negative trend line.
Pivot:
1.1305
Our preference:
Short positions below 1.1305 with targets at 1.1265 & 1.1250 in extension.
Alternative scenario:
Above 1.1305 look for further upside with 1.1325 & 1.1345 as targets.
Comment:
As long as the resistance at 1.1305 is not surpassed, the risk of the break below 1.1265 remains high.
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