Pivot: 1.221
Our preference: Long positions above 1.221 with targets @ 1.2295 1.2325 in extension.
Alternative scenario: Below 1.221 look for further downside with 1.2175 1.2125 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.236
1.2325
1.2295
1.2239 Last
1.221
1.2175
1.2125
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