Pivot
(invalidation):
1.2270
Our preference
Short positions below 1.2270 with targets at 1.2205 & 1.2175 in extension.
Alternative scenario
Above
1.2270 look for further upside with 1.2300 & 1.2345 as targets.
Comment
As Long as the resistance at 1.2270 is not surpassed, the
risk of the break below 1.2205
remains high.
(By Swissquote TRADING CENTRAL)
