Pivot (invalidation): 1.2995
Our preference
Short positions below 1.2995 with targets at 1.2925 & 1.2890 in extension.
Alternative scenario
Above 1.2995 look for further upside with 1.3025 & 1.3055 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
