Pivot: 1.6205
Our preference: Short positions below 1.6205 with targets @ 1.611 1.608 in extension.
Alternative scenario: Above 1.6205 look for further upside with 1.626 1.629 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Key levels
1.629
1.626
1.6205
1.6163 last
1.611
1.608
1.604
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