Pivot (invalidation): 7.8960
Our preference Short positions below 7.8960 with targets at 7.8480 & 7.8320 in extension.
Alternative scenario Above 7.8960 look for further upside with 7.9120 & 7.9350 as targets.
Comment As Long as the resistance at 7.8960 is not surpassed, the risk of the break below 7.8480 remains high.