Pivot: 1.2305
Our preference: Short positions below 1.2305 with targets @ 1.224 1.2225 in extension.
Alternative scenario: Above 1.2305 look for further upside with 1.232 1.2345 as targets.
Comment: as long as 1.2305 is resistance, look for choppy price action with a bearish bias.
Key levels
1.2345
1.232
1.2305
1.22878 last
1.224
1.2225
1.2205
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