Pivot (invalidation): 111.50
Our preference Short positions below 111.50 with targets at 111.00 & 110.80 in extension.
Alternative scenario Above 111.50 look for further upside with 111.90 & 112.20 as targets.
Comment As Long as the resistance at 111.50 is not surpassed, the risk of the break below 111.00 remains high.