Pivot (invalidation): 1.2585

Our preference Long positions above 1.2585 with targets at 1.2645 & 1.2700 in extension.

Alternative scenario Below 1.2585 look for further downside with 1.2530 & 1.2495 as targets.

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Comment The RSI lacks downward momentum. The pair has regained the key 1.2600 level.

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