Pivot: 132
Our preference: Long positions above 132 with targets @ 134.2 135.1 in extension.
Alternative scenario: Below 132 look for further downside with 131.1 130.15 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The pair has broken above its resistance and remains on the upside.
Supports and resistances:
135.85 ***
135.1 **
134.2 ***
132.94 Last
132 **
131.1 **
130.15 ***
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