Under Pressure
Our Pivot: 1.0550
Our Preference: Start short selling Euro below 1.0530 with strict stop loss of 1.0550 and profit target at 1.0490 and 1.0460.
Alternate Scenario: Upward penetration of 1.0550 will call for 1.0585.
NOTE: Euro is being capped by a strong horizontal resistant region.
Chart with supports & resistances:
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