Under Pressure
Our Pivot: 1.2240
Our Preference: Short sell below 1.2200 with strict stop loss of 1.2240 and profit target at 1.2152 with extension towards 1.2134.
Alternate Scenario: Upward penetration of 1.2240 will call 1.2285.
NOTE: Euro is being capped by a strong horizontal resistant region.
Chart with supports & resistances:
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