EUR/USD Intraday: bullish bias above 1.0845.
Pivot:
1.0845
Our preference:
Long positions above 1.0845 with targets at 1.0885 & 1.0900 in extension.
Alternative scenario:
Below 1.0845 look for further downside with 1.0825 & 1.0805 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.