EUR/USD Intraday: bullish bias above 1.1205.
Pivot:
1.1205
Our preference:
Long positions above 1.1205 with targets at 1.1245 & 1.1265 in extension.
Alternative scenario:
Below 1.1205 look for further downside with 1.1180 & 1.1160 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.