Pivot: 1.38
Our preference: long positions above 1.38 with targets @ 1.469 1.5 in extension.
Alternative scenario: below 1.38 look for further downside with 1.345 1.304 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.5365 **
1.5 ***
1.469 ***
1.4062 Last
1.38 ***
1.345 **
1.304 ***
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