Pivot: 0.7805
Our preference: Long positions above 0.7805 with targets @ 0.789 0.7945 in extension.
Alternative scenario: Below 0.7805 look for further downside with 0.776 0.7715 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key levels
0.8
0.7945
0.789
0.78282 last
0.7805
0.776
0.7715
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