Our preference: short positions below 1.2355 with targets at 1.2330 & 1.2315 in extension.
Alternative scenario: above 1.2355 look for further upside with 1.2380 & 1.2400 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
Important Note: The information or materials on this website are provided to easyMarkets as a subscriber of third party providers. They are provided for informative purposes only and in no way can they be considered recommendation by easyMarkets to you to engage in any trade. You acknowledge that using the information entailed in these materials is at your sole responsibility and easyMarkets shall not be responsible for any outcome of trading decisions, in regards with these information or materials.