2019/10/10- 09.55 AM
Our preference: long positions above 1.2200 with targets at 1.2240 & 1.2270 in extension.
Alternative scenario: below 1.2200 look for further downside with 1.2175 & 1.2155 as targets.
Comment: the RSI calls for a rebound. The pair has repeatedly failed to sink across the key level of 1.2200, which is now a key support.