Pivot: 1.1445
Our preference: Long positions above 1.1445 with targets @ 1.15 1.1545 in extension.
Alternative scenario: Below 1.1445 look for further downside with 1.141 1.138 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.16 *
1.1545 **
1.15 *
1.1456 Last
1.1445 ***
1.141 **
1.138 **
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