EUR/USD Short Term: bullish bias above 1.1550

Pivot: 1.1550
Our preference:
long positions above 1.1550 with targets at 1.1800 & 1.1930 in extension.
Alternative scenario:
below 1.1550 look for further downside with 1.1410 & 1.1320 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.2080 ***
1.1930 **
1.1800 ***
1.1615 Last
1.1550 ***
1.1410 ***
1.1320 **