Under Pressure
Our Pivot: 1.0836
Our Preference: Start short selling Euro below 1.0811 with strict stop loss of 1.0836 and profit target at 1.0770 with extension towards 1.0745.
Alternate Scenario: Upward penetration of 1.0836 will call for 1.0870.
NOTE: Euro is being capped by a horizontal resistance.
Chart with supports & resistances:
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