Pivot (invalidation): 111.80
Our preference
Short positions below 111.80 with targets at 111.55 & 111.45 in extension.
Alternative scenario
Above 111.80 look for further upside with 111.90 & 112.00 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
