Pivot: 1.1025
Our preference: Long positions above 1.1025 with targets @ 1.11 1.115 in extension.
Alternative scenario: Below 1.1025 look for further downside with 1.0985 1.093 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.12
1.115
1.11
1.1051 Last
1.1025
1.0985
1.093
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