Pivot (invalidation): 1.1505
Our preference
Long positions above 1.1505 with targets at 1.1530 & 1.1545 in extension.
Alternative scenario
Below 1.1505 look for further downside with 1.1490 & 1.1480 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
