Pivot (invalidation): 47.20
Our preference
Short positions below 47.20 with targets at 45.65 & 44.70 in extension.
Alternative scenario
Above 47.20 look for further upside with 47.80 & 48.35 as targets.
Comment
As Long as 47.20 is resistance, expect a return to 45.65.
(By Swissquote TRADING CENTRAL)
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