Pivot: 1.6
Our preference: Short positions below 1.6 with targets @ 1.591 1.588 in extension.
Alternative scenario: Above 1.6 look for further upside with 1.6045 1.609 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Key levels
1.609
1.6045
1.6
1.5973 last
1.591
1.588
1.583
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