g 
Pivot
(invalidation): 1.2725
Our preference
Long positions above 1.2725 with targets at 1.2775 & 1.2800 in extension.
Alternative scenario
Below 1.2725 look for further downside with 1.2695 & 1.2670 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
