EUR/USD Intraday: the bias remains bullish.
Pivot:
1.1600
Our preference:
Long positions above 1.1600 with targets at 1.1655 & 1.1675 in extension.
Alternative scenario:
Below 1.1600 look for further downside with 1.1580 & 1.1560 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
