EUR/USD Intraday: key resistance at 1.0850.
Pivot:
1.0850
Our preference:
Short positions below 1.0850 with targets at 1.0800 & 1.0780 in extension.
Alternative scenario:
Above 1.0850 look for further upside with 1.0870 & 1.0890 as targets.
Comment:
As long as the resistance at 1.0850 is not surpassed, the risk of the break below 1.0800 remains high.