EUR/USD Intraday: bullish bias above 1.0480.
Pivot:
1.0480
Our preference:
Long positions above 1.0480 with targets at 1.0545 & 1.0565 in extension.
Alternative scenario:
Below 1.0480 look for further downside with 1.0460 & 1.0440 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.