Pivot (invalidation): 1.1695
Our preference Short positions below 1.1695 with targets at 1.1655 & 1.1625 in extension.
Alternative scenario Above 1.1695 look for further upside with 1.1725 & 1.1760 as targets.
Comment The RSI advocates for further downside.
![](https://www.actionforex.com/wp-content/uploads/2018/07/acm2018071211-600x392.jpg)