Pivot (invalidation): 16.6800
Our preference Short positions below 16.6800 with targets at 16.5000 & 16.4100 in extension.
Alternative scenario Above 16.6800 look for further upside with 16.7800 & 16.8700 as targets.
Comment The RSI lacks upward momentum.
![](https://www.actionforex.com/wp-content/uploads/2019/12/22-9-600x392.jpg)