Pivot (invalidation): 5.9220
Our preference
Long positions above 5.9220 with targets at 5.9600 & 5.9800 in extension.
Alternative scenario
Below 5.9220 look for further downside with 5.9000 & 5.8600 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
