Pivot (invalidation): 1.1225
Our preference
Long positions above 1.1225 with targets at 1.1255 & 1.1270 in extension.
Alternative scenario
Below 1.1225 look for further downside with 1.1210 & 1.1195 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
