Pivot
(invalidation): 104.20
Our preference
Short positions below 104.20 with targets at 103.80 & 103.65 in extension.
Alternative scenario
Above 104.20 look for further upside with 104.35 & 104.50 as targets.
Comment
As Long as 104.20 is resistance, look for choppy price action with a bearish bias.
(By Swissquote TRADING CENTRAL)
