Pivot
(invalidation):
1.2240
Our preference
Short positions below 1.2240 with targets at 1.2195 & 1.2180 in extension.
Alternative scenario
Above
1.2240 look for further upside with 1.2275 & 1.2300 as targets.
Comment
As Long as the resistance at 1.2240 is not surpassed, the risk of the break below 1.2195
remains high
