Pivot (invalidation): 1.2875
Our preference Short positions below 1.2875 with targets at 1.2810 & 1.2785 in extension.
Alternative scenario Above 1.2875 look for further upside with 1.2915 & 1.2945 as targets.
Comment As Long as 1.2875 is resistance, look for choppy price action with a bearish bias. The pair has posted a bearish pattern of lower highs.