Pivot (invalidation): 1.1430
Our preference
Long positions above 1.1430 with targets at 1.1485 & 1.1520 in extension.
Alternative scenario
Below 1.1430 look for further downside with 1.1400 & 1.1375 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
