Pivot: 1.233
Our preference: Short positions below 1.233 with targets @ 1.2275 1.2255 in extension.
Alternative scenario: Above 1.233 look for further upside with 1.2355 1.238 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
1.238
1.2355
1.233
1.2298 Last
1.2275
1.2255
1.224
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