Pivot (invalidation): 1211.50
Our preference Short positions below 1211.50 with targets at 1204.00 & 1200.00 in extension.
Alternative scenario Above 1211.50 look for further upside with 1217.00 & 1220.00 as targets.
Comment The RSI advocates for further decline.
![](https://www.actionforex.com/wp-content/uploads/2018/08/acm2018080723-600x392.jpg)