Pivot (invalidation): 1.2240

Our preference Long positions above 1.2240 with targets at 1.2290 & 1.2310 in extension.

Alternative scenario Below 1.2240 look for further downside with 1.2220 & 1.2195 as targets.

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Comment A support base at 1.2240 has formed and has allowed for a temporary stabilisation.

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