Pivot (invalidation): 1.2250
Our preference Short positions below 1.2250 with targets at 1.2210 & 1.2180 in extension.
Alternative scenario Above 1.2250 look for further upside with 1.2275 & 1.2300 as targets.
Comment As Long as the resistance at 1.2250 is not surpassed, the risk of the break below 1.2210 remains high.