Pivot (invalidation): 112.35
Our preference
Short positions below 112.35 with targets at 112.00 & 111.85 in extension.
Alternative scenario
Above 112.35 look for further upside with 112.45 & 112.60 as targets.
Comment
The RSI is bearish and calls for further downside
(By Swissquote TRADING CENTRAL)
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