Pivot
(invalidation):
16.9900
Our preference
Short positions below 16.9900 with targets at 16.8700 & 16.8300 in extension.
Alternative scenario
Above
16.9900 look for further upside with 17.0400 & 17.1100 as targets.
Comment
As Long as 16.9900 is resistance, look for choppy price action with a bearish bias.
(By Swissquote TRADING CENTRAL)
