Pivot: 1180
Our preference: Long positions above 1180 with targets @ 1193 1199 in extension.
Alternative scenario: Below 1180 look for further downside with 1174.5 1169 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1207
1199
1193
1187.22 Last
1180
1174.5
1169
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