Pivot: 1178.5
Our preference: Long positions above 1178.5 with targets @ 1197 1200.8 in extension.
Alternative scenario: Below 1178.5 look for further downside with 1169 1160 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1209.6 ***
1200.8 *
1197 **
1187.01 Last
1178.5 ***
1169 **
1160 **
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