Pivot (invalidation): 1556.50
Our preference Short positions below 1556.50 with targets at 1540.00 & 1535.50 in extension.
Alternative scenario Above 1556.50 look for further upside with 1562.00 & 1568.00 as targets.
Comment The RSI calls for a new downleg.
![](https://www.actionforex.com/wp-content/uploads/2020/01/21-20-600x392.jpg)