Rebound Insight
Our Pivot: 1.1860
Our Preference: Buy above 1.1895 with strict stop loss of 1.1860 and profit target at 1.1945 with extension towards 1.1990.
Alternate Scenario: Downward penetration of 1.1860 will call 1.21820 and 1.1780.
NOTE: Euro is moving in a bearish price channel and getting support from supportive trend line of this channel on daily chart.
Chart with supports & resistances:
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