Pivot: 1.5655
Our preference: Long positions above 1.5655 with targets @ 1.5735 1.5785 in extension.
Alternative scenario: Below 1.5655 look for further downside with 1.559 1.555 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.5835
1.5785
1.5735
1.5665 Last
1.5655
1.559
1.555
Copyright 1999 – 2014 TRADING CENTRAL