Pivot: 1.346
Our preference: Long positions above 1.346 with targets @ 1.3545 1.357 in extension.
Alternative scenario: Below 1.346 look for further downside with 1.3435 1.337 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key levels
1.36
1.357
1.3545
1.35091 last
1.346
1.3435
1.337
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