Pivot (invalidation): 1.1300
Our preference
Long positions above 1.1300 with targets at 1.1350 & 1.1380 in extension.
Alternative scenario
Below 1.1300 look for further downside with 1.1275 & 1.1250 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
