Pivot: 1.237
Our preference: Short positions below 1.237 with targets @ 1.231 1.227 in extension.
Alternative scenario: Above 1.237 look for further upside with 1.24 1.2425 as targets.
Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
1.2425
1.24
1.237
1.2333 Last
1.231
1.227
1.224
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