Under Pressure
Our Pivot: 1.2050
Our Preference: Short sell below 1.2020 with strict stop loss of 1.2050 and profit target at 1.1984 with extension towards 1.1955.
Alternate Scenario: Upward penetration of 1.2050 will call 1.2080.
NOTE: Euro is moving downward for correction of its last bullish rally.
Chart with supports & resistances:
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