Under Pressure
Our Pivot: 1.2130
Our Preference: Short sell below 1.2100 with strict stop loss of 1.2130 and profit target at 1.2060 with extension towards 1.2030.
Alternate Scenario: Upward penetration of 1.2190 will call 1.2230.
NOTE: Euro is being capped by descending trend line.
Chart with supports & resistances:
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