Pivot: 103.85
Our preference: Long positions above 103.85 with targets @ 105.25 105.7 in extension.
Alternative scenario: Below 103.85 look for further downside with 102.95 102 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
106.25
105.7
105.25
104.35 Last
103.85
102.95
102
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