Pivot: 0.7785
Our preference: Long positions above 0.7785 with targets @ 0.786 0.79 in extension.
Alternative scenario: Below 0.7785 look for further downside with 0.7735 0.771 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key levels
0.795
0.79
0.786
0.7804 last
0.7785
0.7735
0.771
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