Pivot (invalidation): 1.2620
Our preference
Short positions below 1.2620 with targets at 1.2575 & 1.2560 in extension.
Alternative scenario
Above 1.2620 look for further upside with 1.2650 & 1.2670 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
