Pivot: 114.9
Our preference: Long positions above 114.9 with targets @ 116.25 116.9 in extension.
Alternative scenario: Below 114.9 look for further downside with 114.4 113.8 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The pair has broken above its resistance and remains on the upside.
Supports and resistances:
117.55
116.9
116.25
115.45 Last
114.9
114.4
113.8
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