Pivot (invalidation): 12316.00
Our preference
Short positions below 12316.00 with targets at 12160.00 & 12110.00 in extension.
Alternative scenario
Above 12316.00 look for further upside with 12370.00 & 12420.00 as targets.
Comment
As Long as 12316.00 is resistance, look for choppy price action with a bearish bias.
(By Swissquote TRADING CENTRAL)
