Pivot (invalidation): 12200.00
Our preference
Long positions above 12200.00 with targets at 12455.00 & 12548.00 in extension.
Alternative scenario
Below 12200.00 look for further downside with 12110.00 & 11980.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
