Pivot (invalidation): 1.1265
Our preference
Long positions above 1.1265 with targets at 1.1305 & 1.1320 in extension.
Alternative scenario
Below 1.1265 look for further downside with 1.1245 & 1.1220 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
