Pivot (invalidation): 1.2840
Our preference
Short positions below 1.2840 with targets at 1.2795 & 1.2765 in extension.
Alternative scenario
Above 1.2840 look for further upside with 1.2870 & 1.2910 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
