Pivot: 1.39
Our preference: long positions above 1.39 with targets @ 1.4 1.404 in extension.
Alternative scenario: below 1.39 look for further downside with 1.3845 1.377 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.411 **
1.404 **
1.4 ***
1.3933 Last
1.39 ***
1.3845 ***
1.377 ***
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