Pivot: 120.7
Our preference: Long positions above 120.7 with targets @ 121.5 122 in extension.
Alternative scenario: Below 120.7 look for further downside with 120.3 120.1 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
122.3
122
121.5
120.8200 Last
120.7
120.3
120.1
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