Pivot: 1.2685
Our preference: Long positions above 1.2685 with targets @ 1.278 1.282 in extension.
Alternative scenario: Below 1.2685 look for further downside with 1.264 1.261 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.2885 *
1.282 ***
1.278 *
1.2719 Last
1.2685 ***
1.264 *
1.261 *
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