Pivot: 1.559
Our preference: Long positions above 1.559 with targets @ 1.5695 1.5735 in extension.
Alternative scenario: Below 1.559 look for further downside with 1.555 1.55 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The pair stands above its support.
Supports and resistances:
1.5785
1.5735
1.5695
1.5621 Last
1.559
1.555
1.55
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