EUR/USD Intraday: bullish bias above 1.0790.
Pivot:
1.0790
Our preference:
Long positions above 1.0790 with targets at 1.0845 & 1.0865 in extension.
Alternative scenario:
Below 1.0790 look for further downside with 1.0765 & 1.0730 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.