Pivot (invalidation): 1.2520
Our preference Short positions below 1.2520 with targets at 1.2480 & 1.2455 in extension.
Alternative scenario Above 1.2520 look for further upside with 1.2540 & 1.2560 as targets.
Comment As Long as the resistance at 1.2520 is not surpassed, the risk of the break below 1.2480 remains high.