0
55
Pivot
(invalidation):
1.2290
Our preference
Long positions above 1.2290 with targets at 1.2355 & 1.2400 in extension.
Alternative scenario
Below
1.2290 look for further downside with 1.2255 & 1.2210 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
