Pivot (invalidation): 110.70
Our preference
Long positions above 110.70 with targets at 111.20 & 111.40 in extension.
Alternative scenario
Below 110.70 look for further downside with 110.50 & 110.35 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
(By Swissquote TRADING CENTRAL)
