Pivot: 1.042
Our preference: Long positions above 1.042 with targets @ 1.0485 1.0525 in extension.
Alternative scenario: Below 1.042 look for further downside with 1.0375 1.035 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.0545
1.0525
1.0485
1.0441 Last
1.042
1.0375
1.035
Copyright 1999 – 2015 TRADING CENTRAL