Pivot: 1.305
Our preference: Long positions above 1.305 with targets @ 1.318 1.322 in extension.
Alternative scenario: Below 1.305 look for further downside with 1.2985 1.293 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.325 **
1.322 **
1.318 ***
1.3085 Last
1.305 ***
1.2985 **
1.293 **
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