(28 February 2020)EUR/USD Bullish bias above 1.0970.

Pivot
 (invalidation): 1.0970
Our preference
Long positions above 1.0970 with targets at 1.1020 & 1.1040 in extension.
Alternative scenario
Below 1.0970 look for further downside with 1.0950 & 1.0930 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)