Pivot: 1.012
Our preference: Long positions above 1.012 with targets @ 1.022 1.025 in extension.
Alternative scenario: Below 1.012 look for further downside with 1.0075 1.004 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.028 **
1.025 **
1.022 **
1.0164 Last
1.012 **
1.0075 ***
1.004 ***
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