Pivot: 101.35
Our preference: Long positions above 101.35 with targets @ 101.85 102.05 in extension.
Alternative scenario: Below 101.35 look for further downside with 101.2 101.05 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
102.25
102.05
101.85
101.505 Last
101.35
101.2
101.05
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