Pivot (invalidation): 1.1230
Our preference
Short positions below 1.1230 with targets at 1.1175 & 1.1130 in extension.
Alternative scenario
Above 1.1230 look for further upside with 1.1290 & 1.1325 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
