Under Pressure
Our Pivot: 1.2130
Our Preference: Short sell below 1.2100 with strict stop loss of 1.2130 and profit target at 1.2050 with extension towards 1.2035.
Alternate Scenario: Upward penetration of 1.2150 will call for 1.2165.
NOTE: Euro is moving in a bearish price channel on hourly chart.
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 | 1.16276 | 1.16288 | 1.16362 | 1.16256 |
| USDJPY | 159.919 | 159.937 | 159.966 | 159.827 |
| GBPUSD | 1.34648 | 1.34668 | 1.34779 | 1.34542 |
| USDCHF | 0.78708 | 0.78735 | 0.78872 | 0.78585 |
| EURCHF | 0.91527 | 0.91559 | 0.91656 | 0.91474 |
| EURJPY | 185.947 | 185.987 | 186.095 | 185.846 |
| GBPJPY | 215.325 | 215.378 | 215.529 | 215.159 |