EUR/USD Intraday: bullish bias above 1.0380.
Pivot:
1.0380
Our preference:
Long positions above 1.0380 with targets at 1.0425 & 1.0445 in extension.
Alternative scenario:
Below 1.0380 look for further downside with 1.0350 & 1.0320 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited