EUR/USD intraday: the downside prevails.
Pivot:
1.1630
Our preference:
Short positions below 1.1630 with targets at 1.1590 & 1.1575 in extension.
Alternative scenario:
Above 1.1630 look for further upside with 1.1645 & 1.1660 as targets.
Comment:
As long as the resistance at 1.1630 is not surpassed, the risk of the break below 1.1590 remains high.
