Downside Prevails
Our Pivot: 1.0630
Our Preference: Start short selling Euro below 1.0580 with strict stop loss of 1.0630 and profit target at 1.0510 and 1.0450.
Alternate Scenario: Upward penetration of 1.0630 will call for 1.0680.
NOTE: Euro is in expansion mode of bearish breakout of its ascending wedge.
Chart with supports & resistances:
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