EUR/USD consolidates around $1.12, more upside likely

• Pair is currently trading at $1.1190 levels.
   
• It made intraday high at $1.1237 and low at $1.1162 levels.
   
• In addition, pair is consolidating in between $1.1050 and $1.1250 marks.
   
• Intraday bias in EUR/USD remains neutral for the moment.
   
• A daily close above $1.1250 will take the parity towards next resistance levels at $1.1489 and $1.1714 thereafter.
   
• Strong resistance at $1.1810 to limit upside and bring down trend resumption eventually.
   
• On the downside, below $1.1050 will bring retest of $1.0809 and $1.0517 low.

We prefer to take long position in EUR/USD around $1.1150, Stop loss $1.1050 and target $1.1489.