Pivot: 1.1065
Our preference: long positions above 1.1065 with targets @ 1.1125 & 1.1155 in extension.
Alternative scenario: below 1.1065 look for further downside with 1.1045 & 1.1030 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1175
1.1155
1.1125
1.11038 Last
1.1065
1.1045
1.1030
Our preference: long positions above 1.1065 with targets @ 1.1125 & 1.1155 in extension.
Alternative scenario: below 1.1065 look for further downside with 1.1045 & 1.1030 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.1175
1.1155
1.1125
1.11038 Last
1.1065
1.1045
1.1030
