EUR/USD Intraday: consolidation.

Pivot:

1.1040

Our preference:

Short positions below 1.1040 with targets at 1.0990 & 1.0970 in extension.

Alternative scenario:

Above 1.1040 look for further upside with 1.1060 & 1.1080 as targets.

Comment:

As long as 1.1040 is resistance, look for choppy price action with a bearish bias.