Pivot (invalidation): 1.1575
Our preference
Long positions above 1.1575 with targets at 1.1605 & 1.1620 in extension.
Alternative scenario
Below 1.1575 look for further downside with 1.1555 & 1.1525 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
