Pivot (invalidation): 0.7435
Our preference Short positions below 0.7435 with targets at 0.7385 & 0.7360 in extension.
Alternative scenario Above 0.7435 look for further upside with 0.7450 & 0.7475 as targets.
Comment The RSI shows downside momentum.
![](https://www.actionforex.com/wp-content/uploads/2018/07/acm2018072516-600x392.jpg)