Pivot (invalidation): 5.4800
Our preference
Short positions below 5.4800 with targets at 5.4050 & 5.3560 in extension.
Alternative scenario
Above 5.4800 look for further upside with 5.5250 & 5.5890 as targets.
Comment
The RSI is bearish and calls for further downside
(By Swissquote TRADING CENTRAL)
