Pivot (invalidation): 5.4430
Our preference
Short positions below 5.4430 with targets at 5.4140 & 5.4040 in extension.
Alternative scenario
Above 5.4430 look for further upside with 5.4580 & 5.4710 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
