Pivot: 1.038
Our preference: Long positions above 1.038 with targets @ 1.042 1.0445 in extension.
Alternative scenario: Below 1.038 look for further downside with 1.035 1.033 as targets.
Comment: a support base at 1.038 has formed and has allowed for a temporary stabilisation.
Key levels
1.047
1.0445
1.042
1.03835 last
1.038
1.035
1.033
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