Key resistance at 1.3200
(By Swissquote TRADING CENTRAL)
Pivot (invalidation): 1.3200
Our preference
Short positions below 1.3200 with targets at 1.3125 & 1.3070 in extension.
Alternative scenario
Above 1.3200 look for further upside with 1.3240 & 1.3270 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
limited.
