Pivot: 1.113
Our preference: Long positions above 1.113 with targets @ 1.123 1.1285 in extension.
Alternative scenario: Below 1.113 look for further downside with 1.1075 1.102 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1315
1.1285
1.123
1.1161 Last
1.113
1.1075
1.102
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