Pivot (invalidation): 16.0300
Our preference Short positions below 16.0300 with targets at 15.9000 & 15.8600 in extension.
Alternative scenario Above 16.0300 look for further upside with 16.0900 & 16.1600 as targets.
Comment The RSI calls for a new downleg.
![](https://www.actionforex.com/wp-content/uploads/2018/07/acm2018070624-600x392.jpg)