Pivot
(invalidation): 104.25
Our preference
Short positions below 104.25 with targets at 103.70 & 103.50 in extension.
Alternative scenario
Above 104.25 look for further upside with 104.40 & 104.55 as targets.
Comment
The RSI is bearish and calls for further declin
(By Swissquote TRADING CENTRAL)
