Pivot
(invalidation):
1.2420
Our preference
Short positions below 1.2420 with targets at 1.2275 & 1.2200 in extension.
Alternative scenario
Above
1.2420 look for further upside with 1.2480 & 1.2525 as targets.
Comment
As Long as 1.2420 is resistance, look for choppy price
action with a bearish bias.
(By Swissquote TRADING CENTRAL)
