(05 AUGUST 2019)EUR/USD:The bias remains bullish.

Pivot (invalidation): 1.1105

Our preference

Long positions above 1.1105 with targets at 1.1135 & 1.1160 in extension.

Alternative scenario

Below 1.1105 look for further downside with 1.1090 & 1.1070 as targets.

Comment

A support base at 1.1105 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)