Turning Down
Our Pivot: 1.2315
Our Preference: Short sell below 1.2295 with strict stop loss of 1.2315 and profit target at 1.2270 with extension towards 1.2250.
Alternate Scenario: Upward penetration of 1.2315 will call 1.2340.
NOTE: Euro is being capped by resistant trend line of its bullish price channel.
Chart with supports & resistances:
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