Pivot
(invalidation):
111.25
Our preference
Short positions below 111.25 with targets at 109.50 & 108.80 in extension.
Alternative scenario
Above
111.25 look for further upside with 112.00 & 112.65 as targets.
Comment
The RSI is bearish and calls for further downside.
(By Swissquote TRADING CENTRAL)
