Pivot: 15.97
Our preference: Long positions above 15.97 with targets @ 16.25 16.37 in extension.
Alternative scenario: Below 15.97 look for further downside with 15.8 15.59 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
16.48
16.37
16.25
16 Last
15.97
15.8
15.59
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