EUR/USD Middle Term: bullish bias above 1.0650

Pivot: 1.0650
Our preference:
long positions above 1.0650 with targets at 1.1200 & 1.1275 in extension.
Alternative scenario:
below 1.0650 look for further downside with 1.0500 & 1.0270 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1490
1.1275
1.1200
1.0840 Last
1.0650
1.0500
1.0270