*Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
EUR/USD Intraday: watch 1.1275.
EUR/USD may fall 17 - 37 pips
Pivot
1.1315
Our preference
Short positions below 1.1315 with targets at 1.1275 & 1.1255 in extension.
Alternative scenario
Above 1.1315 look for further upside with 1.1335 & 1.1355 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
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