(08 OCTOBER 2018)EUR/USD:Bullish bias above 1.1500.

Pivot (invalidation): 1.1500

Our preference

Long positions above 1.1500 with targets at 1.1540 & 1.1555 in extension.

Alternative scenario

Below 1.1500 look for further downside with 1.1480 & 1.1460 as targets.

Comment

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

limited.

(By Swissquote TRADING CENTRAL)