Pivot
(invalidation):
1.2245
Our preference
Short positions below 1.2245 with targets at 1.2185 & 1.2165 in extension.
Alternative scenario
Above
1.2245 look for further upside with 1.2270 & 1.2300 as targets.
Comment
The RSI is bearish and calls for further decline.
(By Swissquote TRADING CENTRAL)
