Bullish bias above 1.1640.
(By Swissquote TRADING CENTRAL)
Pivot (invalidation): 1.1640
Our preference
Long positions above 1.1640 with targets at 1.1690 & 1.1720 in extension.
Alternative scenario
Below 1.1640 look for further downside with 1.1610 & 1.1570 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
