Pivot (invalidation): 1.1065

Our preference Long positions above 1.1065 with targets at 1.1085 & 1.1100 in extension.

Alternative scenario Below 1.1065 look for further downside with 1.1050 & 1.1035 as targets.

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Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The pair keeps challenging the overhead resistance at 1.1085.

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