Pivot: 1.107
Our preference: Long positions above 1.107 with targets @ 1.115 1.119 in extension.
Alternative scenario: Below 1.107 look for further downside with 1.1035 1.1005 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The pair is drawing a pullback towards a former declining trend line ahead of another up move.
Supports and resistances:
1.122
1.119
1.115
1.1118 Last
1.107
1.1035
1.1005
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