Under Pressure
Our Pivot: 1.2200
Our Preference: Short sell below 1.2188 with strict stop loss of 1.2200 and profit target at 1.2167 and 1.2150.
Alternate Scenario: Upward penetration of 1.2200 will call 1.2230.
NOTE: Euro is being capped by a strong horizontal resistant region.
Chart with supports & resistances:

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