Under Pressure
Our Pivot: 1.2225
Our Preference: Short sell below 1.2200 with strict stop loss of 1.2225 and profit target at 1.2160 with extension towards 1.2135.
Alternate Scenario: Upward penetration of 1.2225 will call 1.2260.
NOTE: Euro is moving in a bullish price channel on hourly chart and right now it's trying to penetrate that channel in bearish direction.
Chart with supports & resistances:
| Level | 1st | 2nd | 3rd | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
|---|
| Ticker | Bid | Ask | High | Low |
|---|---|---|---|---|
| EURUSD | 1.14169 | 1.1423 | 1.1432 | 1.13908 |
| USDJPY | 162.553 | 162.569 | 162.713 | 162.017 |
| GBPUSD | 1.33835 | 1.33933 | 1.33864 | 1.33218 |
| USDCHF | 0.80752 | 0.80866 | 0.81089 | 0.8063 |
| EURCHF | 0.92249 | 0.92434 | 0.92389 | 0.92093 |
| EURJPY | 185.535 | 185.689 | 185.724 | 184.845 |
| GBPJPY | 217.602 | 217.767 | 217.742 | 216.325 |