Pivot (invalidation): 111.50
Our preference
Long positions above 111.50 with targets at 111.80 & 112.00 in extension.
Alternative scenario
Below 111.50 look for further downside with 111.30 & 111.15 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
