Pivot: 1.2195
Our preference: Long positions above 1.2195 with targets @ 1.2235 1.225 in extension.
Alternative scenario: Below 1.2195 look for further downside with 1.2185 1.217 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.226
1.225
1.2235
1.2206 Last
1.2195
1.2185
1.217
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