Pivot (invalidation): 69.85

Our preference

Short positions below 69.85 with targets at 68.90 & 68.52 in extension.

Alternative scenario

Above 69.85 look for further upside with 70.25 & 70.75 as targets.

Comment

As Long as 69.85 is resistance, look for choppy price action with a bearish bias.

(By Swissquote TRADING CENTRAL) 

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