• EUR/USD Intraday: key resistance at 1.1200.

    EUR/USD Intraday: key resistance at 1.1200.

       
      Pivot: 1.1200

    Most Likely Scenario: short positions below 1.1200 with targets @ 1.1140 & 1.1120 in extension.

    Alternative scenario: above 1.1200 look for further upside with 1.1235 & 1.1260 as targets.

    Comment: as long as 1.1200 is resistance, look for choppy price action with a bearish bias. The pair remains within a bearish channel.

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