Under Pressure
Our Pivot: 1.2110
Our Preference: Short sell below 1.2085 with strict stop loss of 1.2110 and profit target at 1.2050 with extension towards 1.2300.
Alternate Scenario: Upward penetration of 1.2110 will call 1.2160.
NOTE: Euro is moving in a descending price channel.
Chart with supports & resistances:
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