Pivot (invalidation): 1.2950
Our preference Short positions below 1.2950 with targets at 1.2870 & 1.2835 in extension.
Alternative scenario Above 1.2950 look for further upside with 1.2990 & 1.3025 as targets.
Comment As Long as the resistance at 1.2950 is not surpassed, the risk of the break below 1.2870 remains high. The pair has crossed below a bullish trend line in place since October 14.
