Pivot: 1.1725
Our preference: Long positions above 1.1725 with targets @ 1.1815 1.186 in extension.
Alternative scenario: Below 1.1725 look for further downside with 1.1695 1.164 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.19 **
1.186 ***
1.1815 ***
1.1772 Last
1.1725 ***
1.1695 *
1.164 ***
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