Pivot
(invalidation):
1.2645
Our preference
Short positions below 1.2645 with targets at 1.2540 & 1.2495 in extension.
Alternative scenario
Above
1.2645 look for further upside with 1.2700 & 1.2740 as targets.
Comment
As Long as the resistance at 1.2645 is not surpassed, the risk of the break below 1.2540
remains high.
