Pivot: 1.221
Our preference: Short positions below 1.221 with targets @ 1.217 1.216 in extension.
Alternative scenario: Above 1.221 look for further upside with 1.2225 1.2235 as targets.
Comment: As long as the resistance at 1.221 is not surpassed, the risk of the break below 1.217 remains high. The 50-period moving average maintains a downside pressure.
Supports and resistances:
1.2235
1.2225
1.221
1.219 Last
1.217
1.216
1.2145
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