Pivot (invalidation): 1.2705
Our preference
Long positions above 1.2705 with targets at 1.2735 & 1.2760 in extension.
Alternative scenario
Below 1.2705 look for further downside with 1.2690 & 1.2670 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
