Pivot (invalidation): 1227.50
Our preference Short positions below 1227.50 with targets at 1220.00 & 1216.00 in extension.
Alternative scenario Above 1227.50 look for further upside with 1233.00 & 1238.00 as targets.
Comment The RSI is capped by a bearish trend line.
![](https://www.actionforex.com/wp-content/uploads/2018/10/21-16-600x392.jpg)