Rebound expected.
(By Swissquote TRADING CENTRAL)
Pivot (invalidation): 110.00
Our preference
Long positions above 110.00 with targets at 110.30 & 110.50 in extension.
Alternative scenario
Below 110.00 look for further downside with 109.65 & 109.35 as targets.
Comment
A support base at 110.00 has formed and has allowed for a temporary stabilisation.
