Pivot: 1.3735
Our preference: Long positions above 1.3735 with targets @ 1.3805 1.383 in extension.
Alternative scenario: Below 1.3735 look for further downside with 1.371 1.3675 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key levels
1.386
1.383
1.3805
1.37452 last
1.3735
1.371
1.3675
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