Pivot: 1.044
Our preference: Long positions above 1.044 with targets @ 1.0505 1.0525 in extension.
Alternative scenario: Below 1.044 look for further downside with 1.04 1.038 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
1.0505
1.0471 Last
1.044
1.04
1.038
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