Pivot: 1.2865
Our preference: Long positions above 1.2865 with targets @ 1.2965 1.2995 in extension.
Alternative scenario: Below 1.2865 look for further downside with 1.282 1.279 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key levels
1.3025
1.2995
1.2965
1.29134 last
1.2865
1.282
1.279
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