Key Resistance @ 109.87
Our Pivot: 109.87
Our Preference: Short sell below 109.40 with strict stop loss of 109.87 and target at 108.98 and 108.70.
Alternate Scenario: Upward penetration of 109.87 will call for 110.23 and 110.37.
NOTE: Bullish channel penetrated in bearish direction.
Chart with Supports and Resistances:
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