Pivot (invalidation): 17.1200

Our preference Short positions below 17.1200 with targets at 16.9300 & 16.8300 in extension.

Alternative scenario Above 17.1200 look for further upside with 17.2000 & 17.2900 as targets.

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Comment As Long as 17.1200 is resistance, look for choppy price action with a bearish bias.

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