EUR/USD Intraday: rebound expected.
Pivot:
1.1705
Our preference:
Long positions above 1.1705 with targets at 1.1740 & 1.1760 in extension.
Alternative scenario:
Below 1.1705 look for further downside with 1.1680 & 1.1660 as targets.
Comment:
A support base at 1.1705 has formed and has allowed for a temporary stabilisation.
