Pivot: 1.2305
Our preference: Long positions above 1.2305 with targets @ 1.2385 1.241 in extension.
Alternative scenario: Below 1.2305 look for further downside with 1.2285 1.2255 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key levels
1.243
1.241
1.2385
1.23445 last
1.2305
1.2285
1.2255
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