Pivot: 1.2375
Our preference: Short positions below 1.2375 with targets @ 1.2305 1.228 in extension.
Alternative scenario: Above 1.2375 look for further upside with 1.24 1.2425 as targets.
Comment: as long as 1.2375 is resistance, look for choppy price action with a bearish bias.
Key levels
1.2425
1.24
1.2375
1.23471 last
1.2305
1.228
1.2255
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