Pivot (invalidation): 111.15
Our preference
Long positions above 111.15 with targets at 111.55 & 111.75 in extension.
Alternative scenario
Below 111.15 look for further downside with 110.85 & 110.60 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
