Pivot (invalidation): 1.2735
Our preference Short positions below 1.2735 with targets at 1.2670 & 1.2640 in extension.
Alternative scenario Above 1.2735 look for further upside with 1.2780 & 1.2820 as targets.
Comment The RSI is bearish and calls for further downside.
![](https://www.actionforex.com/wp-content/uploads/2018/08/acm2018081522-1-600x392.gif)