Pivot: 0.9715
Our preference: long positions above 0.9715 with targets @ 0.9765 & 0.9795 in extension.
Alternative scenario: below 0.9715 look for further downside with 0.9680 & 0.9655 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
0.9840 **
0.9795 ***
0.9765 ***
0.97402 Last
0.9715 ***
0.9680 **
0.9655 **
Our preference: long positions above 0.9715 with targets @ 0.9765 & 0.9795 in extension.
Alternative scenario: below 0.9715 look for further downside with 0.9680 & 0.9655 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
0.9840 **
0.9795 ***
0.9765 ***
0.97402 Last
0.9715 ***
0.9680 **
0.9655 **
