Pivot (invalidation): 114.00
Our preference
Long positions above 114.00 with targets at 114.55 & 114.85 in extension.
Alternative scenario
Below 114.00 look for further downside with 113.70 & 113.50 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
