Pivot: 1.605
Our preference: Long positions above 1.605 with targets @ 1.6125 1.6165 in extension.
Alternative scenario: Below 1.605 look for further downside with 1.6 1.5975 as targets.
Comment: a support base at 1.605 has formed and has allowed for a temporary stabilisation.
Key levels
1.62
1.6165
1.6125
1.607 last
1.605
1.6
1.5975
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