Pivot (invalidation): 1.2875
Our preference Long positions above 1.2875 with targets at 1.2940 & 1.2970 in extension.
Alternative scenario Below 1.2875 look for further downside with 1.2840 & 1.2810 as targets.
Comment The RSI is bullish and calls for further upside. The pair is supported by the ascending 20-period moving average.