Pivot (invalidation): 12470.00
Our preference
Short positions below 12470.00 with targets at 12300.00 & 12220.00 in extension.
Alternative scenario
Above 12470.00 look for further upside with 12530.00 & 12600.00 as targets.
Comment
As Long as 12470.00 is resistance, look for choppy price action with a bearish bias.
(By Swissquote TRADING CENTRAL)
