Turning Down
Our Pivot: 1.2200
Our Preference: Short sell below 1.2177 with strict stop loss of 1.2200 and profit target at 1.2145 with extension towards 1.2129.
Alternate Scenario: Upward penetration of 1.2200 will call 1.2240.
NOTE: Euro is facing rejection from resistant trend line of its bullish price channel which may push it towards a correction.
Chart with supports & resistances:
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