Caution
Our Pivot: 1.2065
Our Preference: Short sell below 1.2042 with strict stop loss of 1.2065 and profit target at 1.2016 with extension towards 1.2000.
Alternate Scenario: Upward penetration of 1.2065 will call 1.2090.
NOTE: Euro is being capped by a strong horizontal resistant region.
Chart with supports & resistances:
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