Pivot
(invalidation): 1.2550
Our preference
Short positions below 1.2550 with targets at 1.2470 & 1.2440 in extension.
Alternative scenario
Above 1.2550 look for further upside with 1.2600 & 1.2650 as targets.
Comment
As Long as 1.2550 is resistance, look for choppy price action with a bearish bias.
(By Swissquote TRADING CENTRAL)
