Pivot (invalidation): 5.6600
Our preference
Long positions above 5.6600 with targets at 5.7170 & 5.7400 in extension.
Alternative scenario
Below 5.6600 look for further downside with 5.6280 & 5.6000 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
