EUR/USD Intraday: bullish bias above 1.1320.
Pivot:
1.1320
Our preference:
Long positions above 1.1320 with targets at 1.1360 & 1.1375 in extension.
Alternative scenario:
Below 1.1320 look for further downside with 1.1300 & 1.1285 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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