Pivot: 1.2475
Our preference: Short positions below 1.2475 with targets @ 1.2405 1.238 in extension.
Alternative scenario: Above 1.2475 look for further upside with 1.25 1.2525 as targets.
Comment: as long as 1.2475 is resistance, look for choppy price action with a bearish bias.
Key levels
1.2525
1.25
1.2475
1.2434 last
1.2405
1.238
1.235
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