Pivot: 1.0405
Our preference: Long positions above 1.0405 with targets @ 1.0465 1.049 in extension.
Alternative scenario: Below 1.0405 look for further downside with 1.036 1.031 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key levels
1.0515
1.049
1.0465
1.0441 last
1.0405
1.036
1.031
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