EUR/USD Intraday: bullish bias above 1.0730.
Pivot:
1.0730
Our preference:
Long positions above 1.0730 with targets at 1.0760 & 1.0775 in extension.
Alternative scenario:
Below 1.0730 look for further downside with 1.0715 & 1.0700 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.