Pivot (invalidation): 1.2970
Our preference
Short positions below 1.2970 with targets at 1.2920 & 1.2890 in extension.
Alternative scenario
Above 1.2970 look for further upside with 1.3005 & 1.3040 as targets.
Comment
As Long as the resistance at 1.2970 is not surpassed, the risk of the break below 1.2920
remains high.
(By Swissquote TRADING CENTRAL)
