Pivot: 160.4
Our preference: Long positions above 160.4 with targets @ 161.8 162.3 in extension.
Alternative scenario: Below 160.4 look for further downside with 159.6 159 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key levels
163
162.3
161.8
160.8 last
160.4
159.6
159
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