Pivot (invalidation): 1.1575
Our preference
Long positions above 1.1575 with targets at 1.1625 & 1.1650 in extension.
Alternative scenario
Below 1.1575 look for further downside with 1.1545 & 1.1515 as targets.
Comment
The RSI is bullish and calls for further upside. The pair is trading within a bullish channel drawn
from the low of October 9.
(By Swissquote TRADING CENTRAL)
