Pivot (invalidation): 1.2550
Our preference
Long positions above 1.2550 with targets at 1.2590 & 1.2615 in extension.
Alternative scenario
Below 1.2550 look for further downside with 1.2520 & 1.2490 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
