Description
⋅ Our preference: short position below 1.1580 with targets at 1.1520 & 1.1505 in extension.
Alternative scenario: in excess of 1.1580, aim for a continuation of the rise with 1.1600 & 1.1625 in the line of fire.
Commentary: as long as 1.1580 is not exceeded the risk of a sink of 1.1520 is important.