EUR/USD Intraday: bullish bias above 1.1600
Jul 17, 2025 1:30 AM
long positions above 1.1600 with targets at 1.1660 & 1.1685 in extension.
Pivot: 1.1600
Our preference:
long positions above 1.1600 with targets at 1.1660 & 1.1685 in extension.
Alternative scenario:
below 1.1600 look for further downside with 1.1565 & 1.1530 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1720
1.1685
1.1660
1.1623 Last
1.1600
1.1565
1.1530
Our preference:
long positions above 1.1600 with targets at 1.1660 & 1.1685 in extension.
Alternative scenario:
below 1.1600 look for further downside with 1.1565 & 1.1530 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1720
1.1685
1.1660
1.1623 Last
1.1600
1.1565
1.1530
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