Short positions below 1.2225 with targets at 1.2170 & 1.2130 in extension. Pivot: 1.2225
Our preference: short positions below 1.2225 with targets at 1.2170 & 1.2130 in extension.
Alternative scenario: above 1.2225 look for further upside with 1.2250 & 1.2270 as targets.
Comment: as long as the resistance at 1.2225 is not surpassed, the risk of the break below 1.2170 remains high.
Supports and resistances: 1.2270 1.2250 1.2225 1.2200 Last 1.2170 1.2130 1.2105
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