Pivot
(invalidation): 1.2565
Our preference
Long positions above 1.2565 with targets at 1.2630 & 1.2660 in extension.
Alternative scenario
Below 1.2565 look for further downside with 1.2530 & 1.2500 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
