Pivot (invalidation): 1221.50

Our preference

Long positions above 1221.50 with targets at 1226.00 & 1228.50 in extension.

Alternative scenario

Below 1221.50 look for further downside with 1220.00 & 1218.50 as targets.

Comment

The RSI shows upside momentum.

(By Swissquote TRADING CENTRAL)