EUR/USD Intraday: consolidation.
Pivot: 1.1660

Most likely scenario: short positions below 1.1660 with targets at 1.1610 & 1.1575 in extension.

Alternative scenario: above 1.1660 look for further upside with 1.1685 & 1.1720 as targets.

Comment: as long as the resistance at 1.1660 is not surpassed, the risk of the break below 1.1610 remains high. 

Leave a Reply