Pivot (invalidation): 1.1240
Our preference
Long positions above 1.1240 with targets at 1.1275 & 1.1290 in extension.
Alternative scenario
Below 1.1240 look for further downside with 1.1220 & 1.1200 as targets.
Comment
The RSI lacks downward momentum.
(By Swissquote TRADING CENTRAL)