EUR/USD Intraday: key resistance at 1.1040.
Pivot:
1.1040
Our preference:
Short positions below 1.1040 with targets at 1.0995 & 1.0980 in extension.
Alternative scenario:
Above 1.1040 look for further upside with 1.1055 & 1.1075 as targets.
Comment:
As long as 1.1040 is resistance, look for choppy price action with a bearish bias.