Pivot: 1.2505
Our preference: Short positions below 1.2505 with targets @ 1.244 1.24 in extension.
Alternative scenario: Above 1.2505 look for further upside with 1.254 1.258 as targets.
Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
1.258
1.254
1.2505
1.2474 Last
1.244
1.24
1.236
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