Pivot (invalidation): 16.0000
Our preference Short positions below 16.0000 with targets at 15.8700 & 15.8100 in extension.
Alternative scenario Above 16.0000 look for further upside with 16.1000 & 16.1600 as targets.
Comment The RSI is bearish and calls for further downside.
![](https://www.actionforex.com/wp-content/uploads/2018/07/acm2018071124-600x392.jpg)