Pivot
(invalidation):
108.50
Our preference
Short positions below 108.50 with targets at 108.15 & 108.00 in extension.
Alternative scenario
Above
108.50 look for further upside with 108.60 & 108.70 as targets.
Comment
The RSI is bearish and calls for further downside. The pair keeps tracing the lower Bollinger
band
calling for acceleration to the downside.
(By Swissquote TRADING CENTRAL)
