Pivot: 1.3875
Our preference: long positions above 1.3875 with targets @ 1.3985 1.4035 in extension.
Alternative scenario: below 1.3875 look for further downside with 1.3815 1.3775 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.408 ***
1.4035 **
1.3985 ***
1.3919 Last
1.3875 ***
1.3815 ***
1.3775 ***
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