(31 JULY 2019)EUR/USD:Supported by a rising trend line.

Pivot (invalidation): 1.1145

Our preference

Long positions above 1.1145 with targets at 1.1165 & 1.1180 in extension.

Alternative scenario

Below 1.1145 look for further downside with 1.1130 & 1.1110 as targets.

Comment

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

limited.

(By Swissquote TRADING CENTRAL)