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 | 1.13818 | 1.13856 | 1.13868 | 1.13739 |
| USDJPY | 157.3 | 157.384 | 157.403 | 157.18 |
| GBPUSD | 1.32348 | 1.32403 | 1.32459 | 1.32179 |
| USDCHF | 0.82747 | 0.82952 | 0.82969 | 0.82739 |
| EURCHF | 0.94194 | 0.94431 | 0.94575 | 0.94058 |
| EURJPY | 179.046 | 179.182 | 179.192 | 178.805 |
| GBPJPY | 208.204 | 208.382 | 208.43 | 207.891 |