Pivot: 120.1
Our preference: Long positions above 120.1 with targets @ 120.75 121.2 in extension.
Alternative scenario: Below 120.1 look for further downside with 119.6 119.2 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
121.75 ***
121.2 ***
120.75 ***
120.38 Last
120.1 ***
119.6 ***
119.2 ***
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