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 | 1.13886 | 1.13896 | 1.13951 | 1.13819 |
| USDJPY | 163.806 | 163.815 | 163.887 | 163.729 |
| GBPUSD | 1.32906 | 1.32917 | 1.33018 | 1.32764 |
| USDCHF | 0.81931 | 0.81948 | 0.82011 | 0.81747 |
| EURCHF | 0.93308 | 0.93333 | 0.93343 | 0.93179 |
| EURJPY | 186.554 | 186.577 | 186.709 | 186.451 |
| GBPJPY | 217.71 | 217.737 | 217.886 | 217.481 |