Pivot: 1.5395
Our preference: Long positions above 1.5395 with targets @ 1.5475 1.551 in extension.
Alternative scenario: Below 1.5395 look for further downside with 1.5335 1.529 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.554 **
1.551 ***
1.5475 **
1.5438 Last
1.5395 ***
1.5335 ***
1.529 **
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