Pivot
(invalidation): 1.2540
Our preference
Long positions above 1.2540 with targets at 1.2585 & 1.2610 in extension.
Alternative scenario
Below 1.2540 look for further downside with 1.2505 & 1.2480 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
