Pivot: 1.041
Our preference: Long positions above 1.041 with targets @ 1.0485 1.0525 in extension.
Alternative scenario: Below 1.041 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
1.0555
1.0525
1.0485
1.045 last
1.041
1.036
1.031
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