Pivot
(invalidation):
1.2950
Our preference
Short positions below 1.2950 with targets at 1.2870 & 1.2835 in extension.
Alternative scenario
Above
1.2950 look for further upside with 1.2990 & 1.3025 as targets.
Comment
As Long as the resistance at 1.2950 is not surpassed, the risk of the break below 1.2870
remains high. The
pair has crossed below a bullish trend line in place since October 14.
(By Swissquote TRADING CENTRAL)
