Pivot: 17.18
Our preference: Long positions above 17.18 with targets @ 17.72 18 in extension.
Alternative scenario: Below 17.18 look for further downside with 16.9 16.63 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
18.24 **
18 **
17.72 **
17.465 Last
17.18 **
16.9 **
16.63 **
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