Pivot: 118.05
Our preference: Short positions below 118.05 with targets @ 117.2 116.8 in extension.
Alternative scenario: Above 118.05 look for further upside with 118.3 118.85 as targets.
Comment: As long as the resistance at 118.05 is not surpassed, the risk of the break below 117.2 remains high.
Supports and resistances:
118.85 ***
118.3 **
118.05 **
117.76 Last
117.2 ***
116.8 **
116.35 **
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