Pivot (invalidation): 7.9000

Our preference Short positions below 7.9000 with targets at 7.8640 & 7.8470 in extension.

Alternative scenario Above 7.9000 look for further upside with 7.9240 & 7.9410 as targets.

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Comment Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

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