Turning Down
Our Pivot: 1.0705
Our Preference: Start short selling Euro below 1.0687 with strict stop loss of 1.0705 and profit target at 1.0665 and 1.0650.
Alternate Scenario: Upward penetration of 1.0705 will call for 1.0722.
NOTE: Euro is moving downward after facing rejection from correction levels of its last bearish rally and it would try to penetrate below its major supportive trend line.
Chart with supports & resistances:
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