Pivot
(invalidation): 1.2275
Our preference
Short positions below 1.2275 with targets at 1.2225 & 1.2200 in extension.
Alternative scenario
Above 1.2275 look for further upside with 1.2300 & 1.2325 as targets.
Comment
The RSI calls for a new downleg.
(By Swissquote TRADING CENTRAL)
