Pivot (invalidation): 1.2100
Our preference Short positions below 1.2100 with targets at 1.2075 & 1.2060 in extension.
Alternative scenario Above 1.2100 look for further upside with 1.2120 & 1.2135 as targets.
Comment The RSI advocates for further decline.
![](https://www.actionforex.com/wp-content/uploads/2019/08/2-44-600x392.jpg)