Pivot
(invalidation):
1.2185
Our preference
Long positions above 1.2185 with targets at 1.2240 & 1.2265 in extension.
Alternative scenario
Below
1.2185 look for further downside with 1.2165 & 1.2140 as targets.
Comment
Even though a continuation of the consolidation cannot
be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
