EUR/USD Intraday: bullish bias above 1.1120.
Pivot:
1.1120
Our preference:
Long positions above 1.1120 with targets at 1.1170 & 1.1190 in extension.
Alternative scenario:
Below 1.1120 look for further downside with 1.1100 & 1.1080 as targets.
Comment:
A support base at 1.1120 has formed and has allowed for a temporary stabilisation.
This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading View and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.