Downside Prevails
Our Pivot: 1.2348
Our Preference: Short sell below 1.2316 with strict stop loss of 1.2348 and target at 1.2265 and 1.2241.
Alternate Scenario: Upward penetration of 1.2348 will call for 1.2388.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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