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EUR/USD Intraday: the bias remains bullish.Pivot: 1.1780 Our | SquaredFinancial

EUR/USD Intraday: the bias remains bullish.Pivot: 1.1780

Our preference: long positions above 1.1780 with targets at 1.1805 & 1.1820 in extension.

Alternative scenario: below 1.1780 look for further downside with 1.1765 & 1.1750 as targets.

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

Supports and resistances:
1.1835
1.1820
1.1805
1.1796 Last
1.1780
1.1765
1.1750

https://charts.tradingcentral.com/charts/74_20210816051405.gif