After impressive Friday’s fall market remains under pressure forming downswing. The closest obvious target of bears is support zone 1.2768-1.2787, from we might get a serious bounce and development of new strong upswing.
Corrective upswing is developing within local structure. A perspective area for new sell-offs is PPZ 1.2887-1.2892. Thus we expect reach of this zone and then steep downward reversal.
Growth in direction 1.2887-1.2892 and then start of new downswing in direction 1.2800 amd 1.2787.
Shorts from 1.2887-1.2892 to 1.2800 and 1.2787.