EUR/USD Intraday: bullish bias above 1.1220.

2016-09-27

Pivot: 1.1220

Our preference: long positions above 1.1220 with targets @ 1.1280 & 1.1300 in extension.

Alternative scenario: below 1.1220 look for further downside with 1.1200 & 1.1180 as targets.

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

Supports and resistances:
1.1325 ***
1.1300 **
1.1280 ***
1.1244 Last
1.1220 ***
1.1200 *
1.1180 **