We move up our pivot point to 3.5.
Our preference: As long as 3.5 is not broken down, we favour an upmove with 4.3 and then 5 as next targets.
Alternative scenario: Only the downside breakout of 3.5 will invalidate our bullish scenario. In this case, a decline should shape towards 3.12 at first, and then 2.55.
Comment: The daily technical indicators are bullish and call for a rise towards 5 in the medium term.
Trend: ST limited rise; MT bullish.
Supports and resistances:
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