Downside Prevails
Our Pivot: 1.2305
Our Preference: Short sell below 1.2261 with strict stop loss of 1.2305 and target at 1.2168 and 1.2127.
Alternate Scenario: Upward penetration of 1.2305 will call for 1.2362.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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