Pivot: 169.5
Our preference: long positions above 169.5 with targets @ 171.25 172.2 in extension.
Alternative scenario: below 169.5 look for further downside with 168.65 167 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
173.35 ***
172.2 ***
171.25 ***
170.6 Last
169.5 ***
168.65 ***
167 ***
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