Pivot: 1.0985
Our preference: Long positions above 1.0985 with targets @ 1.1185 1.1215 in extension.
Alternative scenario: Below 1.0985 look for further downside with 1.0945 1.09 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1245 ***
1.1215 ***
1.1185 ***
1.1083 Last
1.0985 ***
1.0945 ***
1.09 ***
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