Pivot: 7395.00
Our preference:
short positions below 7395.00 with targets at 7215.00 & 7130.00 in extension.
Alternative scenario:
above 7395.00 look for further upside with 7440.00 & 7485.00 as targets.
Comment:
as long as the resistance at 7395.00 is not surpassed, the risk of the break below 7215.00 remains high.
Our preference:
short positions below 7395.00 with targets at 7215.00 & 7130.00 in extension.
Alternative scenario:
above 7395.00 look for further upside with 7440.00 & 7485.00 as targets.
Comment:
as long as the resistance at 7395.00 is not surpassed, the risk of the break below 7215.00 remains high.