Pivot: 15.7
Our preference: Long positions above 15.7 with targets @ 15.93 16.08 in extension.
Alternative scenario: Below 15.7 look for further downside with 15.5 15.4 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
16.23
16.08
15.93
15.776 Last
15.7
15.5
15.4
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