Pivot: 1163
Our preference: Long positions above 1163 with targets @ 1175 1180.5 in extension.
Alternative scenario: Below 1163 look for further downside with 1156.3 1153 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1185
1180.5
1175
1166.2 Last
1163
1156.3
1153
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