(30 JULY 2018)EUR/USD:The bias remains bullish.

Pivot (invalidation): 1.1635

Our preference

Long positions above 1.1635 with targets at 1.1670 & 1.1695 in extension.

Alternative scenario

Below 1.1635 look for further downside with 1.1620 & 1.1600 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)