Pivot
(invalidation):
1.2350
Our preference
Short positions below 1.2350 with targets at 1.2300 & 1.2270 in extension.
Alternative scenario
Above
1.2350 look for further upside with 1.2385 & 1.2420 as targets.
Comment
The RSI advocates for further decline.
(By Swissquote TRADING CENTRAL)
