Pivot: 121.5
Our preference: Short positions below 121.5 with targets @ 120.4 120 in extension.
Alternative scenario: Above 121.5 look for further upside with 121.95 122.6 as targets.
Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
122.6 *
121.95 **
121.5 ***
121.11 Last
120.4 *
120 *
119.35 *
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