Downside Prevails
Our Pivot: 1.2440
Our Preference: Short sell below 1.2409 with strict stop loss of 1.2440 and target at 1.2353 and 1.2314.
Alternate Scenario: Upward penetration of 1.2440 will call for 1.2480.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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