Pivot: 1.5475
Our preference: Long positions above 1.5475 with targets @ 1.5545 1.558 in extension.
Alternative scenario: Below 1.5475 look for further downside with 1.541 1.5365 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.5605 **
1.558 **
1.5545 *
1.5497 Last
1.5475 ***
1.541 **
1.5365 **
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