Our preference: long positions above 1.1240 with targets @ 1.1305 & 1.1345 in extension.
Alternative scenario: below 1.1240 look for further downside with 1.1200 & 1.1165 as targets.
Comment: a support base at 1.1240 has formed and has allowed for a temporary stabilisation.
|Green Lines Represent Resistances|
|Red Lines Represent Support Levels|
|Light Blue is a Pivot Point|
|Black represents the price when the report was produced|
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