Pivot: 1.3435
Our preference: Long positions above 1.3435 with targets @ 1.3485 1.35 in extension.
Alternative scenario: Below 1.3435 look for further downside with 1.34 1.338 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.353
1.35
1.3485
1.3447 Last
1.3435
1.34
1.338
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