Pivot: 127.9
Our preference: long positions above 127.9 with targets @ 128.8 129.25 in extension.
Alternative scenario: below 127.9 look for further downside with 127.5 127.1 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
129.55 **
129.25 ***
128.8 ***
128.15 Last
127.9 ***
127.5 **
127.1 **
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