Pivot (invalidation): 106.25
Our preference
Short positions below 106.25 with targets at 105.75 & 105.50 in extension.
Alternative scenario
Above 106.25 look for further upside with 106.60 & 107.00 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
