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 | 1.15765 | 1.15773 | 1.15866 | 1.15663 |
| USDJPY | 159.66 | 159.668 | 159.785 | 159.308 |
| GBPUSD | 1.35341 | 1.35352 | 1.35596 | 1.35191 |
| USDCHF | 0.81249 | 0.81264 | 0.81285 | 0.80947 |
| EURCHF | 0.94059 | 0.94082 | 0.94082 | 0.93756 |
| EURJPY | 184.829 | 184.849 | 184.921 | 184.43 |
| GBPJPY | 216.088 | 216.111 | 216.238 | 215.756 |