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 | 1.16278 | 1.16286 | 1.16362 | 1.16035 |
| USDJPY | 154.538 | 154.55 | 156.29 | 154.052 |
| GBPUSD | 1.35378 | 1.35388 | 1.35456 | 1.3505 |
| USDCHF | 0.80884 | 0.80899 | 0.81107 | 0.80838 |
| EURCHF | 0.94052 | 0.94074 | 0.94184 | 0.93973 |
| EURJPY | 179.696 | 179.715 | 181.483 | 179.211 |
| GBPJPY | 209.211 | 209.237 | 211.25 | 208.629 |