Pivot (invalidation): 111.05
Our preference Short positions below 111.05 with targets at 110.40 & 110.05 in extension.
Alternative scenario Above 111.05 look for further upside with 111.40 & 111.70 as targets.
Comment As Long as the resistance at 111.05 is not surpassed, the risk of the break below 110.40 remains high.