Turning Down
Our Pivot: 1.2330
Our Preference: Short sell below 1.2310 with strict stop loss of 1.2330 and profit target at 1.2270 with extension towards 1.2250.
Alternate Scenario: Upward penetration of 1.2330 will call 1.2365.
NOTE: Euro is being capped by a strong horizontal resistant region and hourly momentum indicators are loosing strength.
Chart with supports & resistances:
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