Pivot: 1.0365
Our preference: Long positions above 1.0365 with targets @ 1.042 1.0445 in extension.
Alternative scenario: Below 1.0365 look for further downside with 1.035 1.033 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key levels
1.047
1.0445
1.042
1.03923 last
1.0365
1.035
1.033
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