Pivot (invalidation): 111.60
Our preference
Long positions above 111.60 with targets at 112.00 & 112.25 in extension.
Alternative scenario
Below 111.60 look for further downside with 111.30 & 111.05 as targets.
Comment
The RSI advocates for further upside.
(By Swissquote TRADING CENTRAL)
![[iVISTscalp5]: A Laboratory for Market Behavior Research Through Time](https://c.mql5.com/6/1005/splash-preview-770124.jpg "[iVISTscalp5]: A Laboratory for Market Behavior Research Through Time")