Pivot (invalidation): 1.2485
Our preference
Short positions below 1.2485 with targets at 1.2455 & 1.2435 in extension.
Alternative scenario
Above 1.2485 look for further upside with 1.2500 & 1.2520 as targets.
Comment
The RSI is bearish and calls for further decline.
(By Swissquote TRADING CENTRAL)
