Pivot (invalidation): 108.10
Our preference
Long positions above 108.10 with targets at 108.45 & 108.70 in extension.
Alternative scenario
Below 108.10 look for further downside with 107.80 & 107.55 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
