Pivot: 120.3
Our preference: Long positions above 120.3 with targets @ 121.1 121.55 in extension.
Alternative scenario: Below 120.3 look for further downside with 119.95 119.65 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The pair remains on the upside.
Supports and resistances:
121.8 **
121.55 ***
121.1 ***
120.71 Last
120.3 ***
119.95 **
119.65 **
Copyright 1999 – 2015 TRADING CENTRAL