Pivot
(invalidation): 0.7200
Our preference
Long positions above 0.7200 with targets at 0.7230 & 0.7245 in extension.
Alternative scenario
Below 0.7200 look for further downside with 0.7180 & 0.7165 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
