Pivot (invalidation): 1.2890

Our preference Short positions below 1.2890 with targets at 1.2800 & 1.2755 in extension.

Alternative scenario Above 1.2890 look for further upside with 1.2945 & 1.2980 as targets.

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Comment As Long as 1.2890 is resistance, look for choppy price action with a bearish bias.

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