Pivot (invalidation): 112.50
Our preference
Short positions below 112.50 with targets at 111.85 & 111.55 in extension.
Alternative scenario
Above 112.50 look for further upside with 112.85 & 113.30 as targets.
Comment
As Long as 112.50 is resistance, look for choppy price action with a bearish bias.
(By Swissquote TRADING CENTRAL)
