Pivot: 1.2415
Our preference: Long positions above 1.2415 with targets @ 1.2495 1.2525 in extension.
Alternative scenario: Below 1.2415 look for further downside with 1.2385 1.235 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key levels
1.257
1.2525
1.2495
1.2448 last
1.2415
1.2385
1.235
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