Turning down
(By Swissquote TRADING CENTRAL)
Pivot (invalidation): 16.4600
Our preference
Short positions below 16.4600 with targets at 16.2500 & 16.1800 in extension.
Alternative scenario
Above 16.4600 look for further upside with 16.5500 & 16.6300 as targets.
Comment
The RSI is bearish and calls for further downside.
