Pivot: 44.95
Our preference: Long positions above 44.95 with targets @ 46.69 47.4 in extension.
Alternative scenario: Below 44.95 look for further downside with 44.35 43.85 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
47.9
47.4
46.69
45.37 Last
44.95
44.35
43.85
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