Pivot
(invalidation): 1.3305
Our preference
Long positions above 1.3305 with targets at 1.3340 & 1.3370 in extension.
Alternative scenario
Below 1.3305 look for further downside with 1.3280 & 1.3255 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
