Pivot: 109.5
Our preference: Short positions below 109.5 with targets @ 108.6 108.3 in extension.
Alternative scenario: Above 109.5 look for further upside with 110 110.4 as targets.
Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
110.4
110
109.5
109.14 Last
108.6
108.3
107.95
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