Pivot (invalidation): 0.7240
Our preference Short positions below 0.7240 with targets at 0.7170 & 0.7150 in extension.
Alternative scenario Above 0.7240 look for further upside with 0.7260 & 0.7290 as targets.
Comment The immediate trend remains down and the momentum is strong.
![](https://www.actionforex.com/wp-content/uploads/2020/08/6-5-600x392.gif)