Pivot (invalidation): 5.3460
Our preference
Short positions below 5.3460 with targets at 5.3000 & 5.2690 in extension.
Alternative scenario
Above 5.3460 look for further upside with 5.3670 & 5.3930 as targets.
Comment
As Long as the resistance at 5.3460 is not surpassed, the risk of the break below 5.3000
remains high. The pair is trading within a bearish channel drawn from November 16.
(By Swissquote TRADING CENTRAL)
