Pivot
(invalidation): 7.3900
Our preference
Long positions above 7.3900 with targets at 7.4760 & 7.5000 in extension.
Alternative scenario
Below 7.3900 look for further downside with 7.3550 & 7.3160 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
