Pivot: 1.3785
Our preference: Long positions above 1.3785 with targets @ 1.389 1.394 in extension.
Alternative scenario: Below 1.3785 look for further downside with 1.3755 1.373 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key levels
1.397
1.394
1.389
1.37964 last
1.3785
1.3755
1.373
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