Bullish bias above 7274.
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Pivot (invalidation): 7274
Our preference
Long positions above 7274 with targets at 7861 & 7995 in extension.
Alternative scenario
Below 7274 look for further downside with 7048 & 6913 as targets.
Comment
The RSI lacks downward momentum.
Author
Swissquote Bank Research Team
Swissquote Bank Ltd
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