Pivot: 1.23
Our preference: Long positions above 1.23 with targets @ 1.2345 1.237 in extension.
Alternative scenario: Below 1.23 look for further downside with 1.228 1.2255 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.239
1.237
1.2345
1.2321 Last
1.23
1.228
1.2255
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