Pivot: 1.047
Our preference: Long positions above 1.047 with targets @ 1.0545 1.0575 in extension.
Alternative scenario: Below 1.047 look for further downside with 1.042 1.039 as targets.
Comment: A support base at 1.047 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.06
1.0575
1.0545
1.0486 Last
1.047
1.042
1.039
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