Pivot: 1.2275
Our preference: Long positions above 1.2275 with targets @ 1.2345 1.238 in extension.
Alternative scenario: Below 1.2275 look for further downside with 1.225 1.2225 as targets.
Comment: the immediate trend remains up and the momentum is strong.
Key levels
1.242
1.238
1.2345
1.231 last
1.2275
1.225
1.2225
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