EUR/USD Intraday: bullish bias above 1.0940.
Pivot:
1.0940
Our preference:
Long positions above 1.0940 with targets at 1.0985 & 1.1000 in extension.
Alternative scenario:
Below 1.0940 look for further downside with 1.0925 & 1.0910 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
