Tanalys

EUR/USD Intraday: bullish bias above 1.1725.

EUR/USD Intraday: bullish bias above 1.1725.

Pivot: 1.1725

Our preference: Long positions above 1.1725 with targets @ 1.1815 1.186 in extension.

Alternative scenario: Below 1.1725 look for further downside with 1.1695 1.164 as targets.

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

Supports and resistances:

1.19 **

1.186 ***

1.1815 ***

1.1772 Last

1.1725 ***

1.1695 *

1.164 ***

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