Pivot: 45.8
Our preference: Long positions above 45.8 with targets @ 46.95 47.36 in extension.
Alternative scenario: Below 45.8 look for further downside with 45.2 44.3 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
47.95
47.36
46.95
46.07 Last
45.8
45.2
44.3
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