Pivot (invalidation): 1.2940

Our preference Long positions above 1.2940 with targets at 1.2970 & 1.2985 in extension.

Alternative scenario Below 1.2940 look for further downside with 1.2920 & 1.2900 as targets.

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Comment A support base at 1.2940 has formed and has allowed for a temporary stabilisation.

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