Pivot (invalidation): 1.2500
Our preference
Short positions below 1.2500 with targets at 1.2470 & 1.2450 in extension.
Alternative scenario
Above 1.2500 look for further upside with 1.2520 & 1.2540 as targets.
Comment
The RSI lacks upward momentum.
(By Swissquote TRADING CENTRAL)
