Pivot: 101.75
Our preference: Long positions above 101.75 with targets @ 102.85 103.15 in extension.
Alternative scenario: Below 101.75 look for further downside with 101.2 100.65 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
103.4
103.15
102.85
102.405 Last
101.75
101.2
100.65
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