Tanalys

EUR/USD intraday: consolidation.

Pivot: 1.312

Our preference: Short positions below 1.312 with targets @ 1.303 1.2995 in extension.

Alternative scenario: Above 1.312 look for further upside with 1.316 1.319 as targets.

Comment: the pair has validated a rising wedge and is reversing down as the RSI is badly directed.

Key levels

1.319

1.316

1.312

1.30649 last

1.303

1.2995

1.295

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