Pivot (invalidation): 5.4370
Our preference
Long positions above 5.4370 with targets at 5.5120 & 5.5600 in extension.
Alternative scenario
Below 5.4370 look for further downside with 5.3970 & 5.3510 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
