0
120
Pivot
(invalidation): 105.70
Our preference
Long positions above 105.70 with targets at 106.35 & 106.50 in extension.
Alternative scenario
Below 105.70 look for further downside with 105.55 & 105.30 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
