Under Pressure
Our Pivot: 1.0687
Our Preference: Start short selling Euro below 1.0665 with strict stop loss of 1.0687 and profit target at 1.0640 and 1.0615.
Alternate Scenario: Upward penetration of 1.0687 will call for 1.0709 and 1.0722.
NOTE: Euro is moving in a descending price channel and right now taking correction of its last bearish rally.
Chart with supports & resistances:
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