As long as 1375 is not broken up, we favour a down move with 1288 and then 1265 as next targets.
Our pivot point stands at 1375.
Our preference:As long as 1375 is not broken up, we favour a down move with 1288 and then 1265 as next targets.
Alternative scenario:Only the upside breakout of 1375 will invalidate our bearish scenario. In this case, a recovery should shape towards 1420 at first, and then 1460.
Comment:The daily technical indicators are bearish and do not show any reversal signs.