Under Pressure
Our Pivot: 1.2086
Our Preference: Short sell below 1.2050 with strict stop loss of 1.2086 and profit target at 1.2010 with extension towards 1.1980.
Alternate Scenario: Upward penetration of 1.2086 will call 1.2115.
NOTE: Euro is moving downward after retesting its major resistant regions and bearish breakout of its ascending wedge.
Chart with supports & resistances:
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