EUR/USD Intraday: bullish bias above 1.1680.
Pivot:
1.1680
Our preference:
Long positions above 1.1680 with targets at 1.1730 & 1.1755 in extension.
Alternative scenario:
Below 1.1680 look for further downside with 1.1655 & 1.1630 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.