Pivot: 1.691
Our preference: Long positions above 1.691 with targets @ 1.7 1.703 in extension.
Alternative scenario: Below 1.691 look for further downside with 1.688 1.686 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.7065
1.703
1.7
1.6971 Last
1.691
1.688
1.686
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