Pivot: 1.249
Our preference: Long positions above 1.249 with targets @ 1.2545 1.2595 in extension.
Alternative scenario: Below 1.249 look for further downside with 1.246 1.2445 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key levels
1.2645
1.2595
1.2545
1.25007 last
1.249
1.246
1.2445
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