Pivot: 1.159
Our preference: Long positions above 1.159 with targets @ 1.167 1.1705 in extension.
Alternative scenario: Below 1.159 look for further downside with 1.156 1.1515 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.175 *
1.1705 **
1.167 **
1.16 Last
1.159 ***
1.156 **
1.1515 **
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