Under Pressure
Our Pivot: 1.2175
Our Preference: Short sell below 1.2155 with strict stop loss of 1.2175 and profit target at 1.2130 with extension towards 1.2115.
Alternate Scenario: Upward penetration of 1.2175 will call for 1.2210.
NOTE: Euro is moving in a bearish price channel on hourly chart.
Chart with supports & resistances:
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