Pivot
(invalidation): 1.2740
Our preference
Long positions above 1.2740 with targets at 1.2780 & 1.2805 in extension.
Alternative scenario
Below 1.2740 look for further downside with 1.2710 & 1.2685 as targets.
Comment
The RSI lacks downward momentum.
(By Swissquote TRADING CENTRAL)