Pivot
(invalidation):
1.2585
Our preference
Long positions above 1.2585 with targets at 1.2645 & 1.2700 in extension.
Alternative scenario
Below
1.2585 look for further downside with 1.2530 & 1.2495 as targets.
Comment
The RSI lacks downward momentum. The pair has regained the key 1.2600 level.
