Pivot: 78.70
Our preference:
short positions below 78.70 with targets at 76.60 & 75.60 in extension.
Alternative scenario:
above 78.70 look for further upside with 79.40 & 80.20 as targets.
Comment:
as long as the resistance at 78.70 is not surpassed, the risk of the break below 76.60 remains high.
Our preference:
short positions below 78.70 with targets at 76.60 & 75.60 in extension.
Alternative scenario:
above 78.70 look for further upside with 79.40 & 80.20 as targets.
Comment:
as long as the resistance at 78.70 is not surpassed, the risk of the break below 76.60 remains high.