EUR/USD Intraday: rebound expected.
Pivot:
1.1710
Our preference:
Long positions above 1.1710 with targets at 1.1750 & 1.1770 in extension.
Alternative scenario:
Below 1.1710 look for further downside with 1.1690 & 1.1670 as targets.
Comment:
A support base at 1.1710 has formed and has allowed for a temporary stabilisation.
