8094613 11/9/2017 5:45 PM, EUR/USD Intraday: bullish bias above 1.1580.


Pivot: 1.1580


Our preference:

long positions above 1.1580 with targets at 1.1615 & 1.1640 in extension.


Alternative scenario:

below 1.1580 look for further downside with 1.1555 & 1.1530 as targets.


Comment:

a support base at 1.1580 has formed and has allowed for a temporary stabilisation. The pair has broken above a bearish channel resistance: this is expected to favour a limited recovery.


Supports and resistances:


1.1665 **

1.1640 **

1.1615 **


1.1606

Last

1.1580 ***

1.1555 *

1.1530 **