Pivot: 1.25
Our preference: Short positions below 1.25 with targets @ 1.242 1.239 in extension.
Alternative scenario: Above 1.25 look for further upside with 1.254 1.258 as targets.
Comment: As long as 1.25 is resistance, expect a return to 1.242. The pair is posting a rebound but stands below its resistance.
Supports and resistances:
1.258
1.254
1.25
1.248 Last
1.242
1.239
1.2365
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