Pivot
(invalidation):
1.2305
Our preference
Short positions below 1.2305 with targets at 1.2255 & 1.2235 in extension.
Alternative scenario
Above
1.2305 look for further upside with 1.2325 & 1.2345 as targets.
Comment
As Long as the resistance at 1.2305 is not surpassed, the risk of the break below 1.2255
remains high.
