Pivot
(invalidation):
1.2200
Our preference
Long positions above 1.2200 with targets at 1.2300 & 1.2335 in extension.
Alternative scenario
Below
1.2200 look for further downside with 1.2150 & 1.2100 as targets.
Comment
The RSI lacks downward momentum.
(By Swissquote TRADING CENTRAL)
