Pivot (invalidation): 111.85
Our preference
Long positions above 111.85 with targets at 112.10 & 112.20 in extension.
Alternative scenario
Below 111.85 look for further downside with 111.65 & 111.50 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
