Tanalys

EUR/USD Intraday: bullish bias above 1.083.

Pivot: 1.083

Our preference: Long positions above 1.083 with targets @ 1.099 1.109 in extension.

Alternative scenario: Below 1.083 look for further downside with 1.076 1.069 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

1.114 ***

1.109 **

1.099 ***

1.0852 Last

1.083 ***

1.076 ***

1.069 **

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