Pivot: 0.763
Our preference: Long positions above 0.763 with targets @ 0.7745 0.7785 in extension.
Alternative scenario: Below 0.763 look for further downside with 0.7605 0.7555 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The pair has broken above a declining trend line and remains on the upside.
Supports and resistances:
0.783 **
0.7785 ***
0.7745 ***
0.7676 Last
0.763 ***
0.7605 **
0.7555 ***
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