Pivot: 1.2445
Our preference: Long positions above 1.2445 with targets @ 1.2545 1.262 in extension.
Alternative scenario: Below 1.2445 look for further downside with 1.238 1.23 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.266 ***
1.262 **
1.2545 ***
1.2507 Last
1.2445 ***
1.238 **
1.23 **
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