Pivot (invalidation): 1.1690
Our preference
Long positions above 1.1690 with targets at 1.1725 & 1.1740 in extension.
Alternative scenario
Below 1.1690 look for further downside with 1.1675 & 1.1655 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
