Pivot: 1.2285
Our preference: Long positions above 1.2285 with targets @ 1.2375 1.2405 in extension.
Alternative scenario: Below 1.2285 look for further downside with 1.224 1.221 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.244
1.2405
1.2375
1.2291 Last
1.2285
1.224
1.221
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