Pivot
(invalidation):
12220.00
Our preference
Short positions below 12220.00 with targets at 11840.00 & 11624.00 in extension.
Alternative
scenario
Above 12220.00 look for further upside with 12500.00 & 12760.00 as targets.
Comment
As Long as
12220.00 is resistance, look for choppy price action with a bearish bias.
(By Swissquote TRADING CENTRAL)
