Bullish bias above 1.3160.
(By Swissquote TRADING CENTRAL)
Pivot (invalidation): 1.3160
Our preference
Long positions above 1.3160 with targets at 1.3210 & 1.3230 in extension.
Alternative scenario
Below 1.3160 look for further downside with 1.3125 & 1.3085 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
