Pivot
(invalidation):
1.1065
Our preference
Long positions above 1.1065 with targets at 1.1085 & 1.1100 in extension.
Alternative scenario
Below
1.1065 look for further downside with 1.1050 & 1.1035 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited. The pair
keeps challenging the overhead resistance at 1.1085
(By Swissquote TRADING CENTRAL)
