Pivot (invalidation): 16.4200
Our preference
Long positions above 16.4200 with targets at 16.5200 & 16.6000 in extension.
Alternative scenario
Below 16.4200 look for further downside with 16.3800 & 16.3300 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
