Rebound Insight
Our Pivot: 1.1790
Our Preference: Buy Euro above 1.1820 with strict stop loss of 1.1790 and profit target at 1.1840 and 1.1865.
Alternate Scenario: Downward penetration of 1.1790 will call 1.1745.
NOTE: Euro is caged in a descending wedge and a bounce back is expected from a horizontal supportive region.
Chart with supports & resistances:
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