Pivot: 116.8
Our preference: long positions above 116.8 with targets @ 117.65 118.1 in extension.
Alternative scenario: below 116.8 look for further downside with 116.5 116.2 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
118.35 ***
118.1 ***
117.65 ***
117.07 Last
116.8 **
116.5 **
116.2 **
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