Pivot (invalidation): 16.3700
Our preference
Short positions below 16.3700 with targets at 16.1600 & 16.0400 in extension.
Alternative scenario
Above 16.3700 look for further upside with 16.5000 & 16.5800 as targets.
Comment
The RSI is bearish and calls for further decline
(By Swissquote TRADING CENTRAL)
