Pivot (invalidation): 1.2270
Our preference Short positions below 1.2270 with targets at 1.2200 & 1.2175 in extension.
Alternative scenario Above 1.2270 look for further upside with 1.2300 & 1.2325 as targets.
Comment The index currently faces a challenging resistance area at 1.2270.
![](https://www.actionforex.com/wp-content/uploads/2019/08/2-66-600x392.jpg)