Pivot: 1.2005
Our preference: Long positions above 1.2005 with targets @ 1.2038 1.2048 in extension.
Alternative scenario: Below 1.2005 look for further downside with 1.199 1.197 as targets.
Comment: A support base at 1.2005 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.2058
1.2048
1.2038
1.2022 Last
1.2005
1.199
1.197
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