Pivot: 1.517
Our preference: Long positions above 1.517 with targets @ 1.5935 1.619 in extension.
Alternative scenario: Below 1.517 look for further downside with 1.456 1.423 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.6525 **
1.619 *
1.5935 **
1.5362 Last
1.517 ***
1.456 **
1.423
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