Pivot (invalidation): 1.2530
Our preference Short positions below 1.2530 with targets at 1.2500 & 1.2480 in extension.
Alternative scenario Above 1.2530 look for further upside with 1.2540 & 1.2560 as targets.
Comment A break below 1.2500 would trigger a drop towards 1.2480.
![](https://www.actionforex.com/wp-content/uploads/2019/07/2-27-600x392.jpg)