Turning Down
Our Pivot: 1.2287
Our Preference: Short sell below 1.2260 with strict stop loss of 1.2287 and profit target at 1.2215 with extension towards 1.2175.
Alternate Scenario: Upward penetration of 1.2287 will call 1.2320.
NOTE: Euro have given bearish breakout of its bullish price channel and now it's ready for an other bearish rally after completion of its bearish correction.
Chart with supports & resistances:
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