8104161 11/13/2017 9:54 AM, EUR/USD Intraday: bullish bias above 1.1635.


Pivot: 1.1635


Our preference:

long positions above 1.1635 with targets at 1.1680 & 1.1700 in extension.


Alternative scenario:

below 1.1635 look for further downside with 1.1610 & 1.1580 as targets.


Comment:

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


Supports and resistances:


1.1720 **

1.1700 **

1.1680 **


1.1652

Last

1.1635 ***

1.1610 *

1.1580 **