Pivot (invalidation): 5.4600
Our preference
Short positions below 5.4600 with targets at 5.3000 & 5.2400 in extension.
Alternative scenario
Above 5.4600 look for further upside with 5.5640 & 5.6350 as targets.
Comment
As Long as 5.4600 is resistance, look for choppy price action with a bearish bias.
(By Swissquote TRADING CENTRAL)
