Pivot (invalidation): 16.1000
Our preference Short positions below 16.1000 with targets at 15.9400 & 15.8400 in extension.
Alternative scenario Above 16.1000 look for further upside with 16.1400 & 16.2100 as targets.
Comment The RSI advocates for further decline.
![](https://www.actionforex.com/wp-content/uploads/2019/02/22-19-600x392.jpg)