Pivot (invalidation): 1.1635
Our preference
Long positions above 1.1635 with targets at 1.1670 & 1.1695 in extension.
Alternative scenario
Below 1.1635 look for further downside with 1.1620 & 1.1600 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
