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 | 1.17882 | 1.17892 | 1.17919 | 1.17804 |
| USDJPY | 154.726 | 154.739 | 154.843 | 154.614 |
| GBPUSD | 1.34942 | 1.34958 | 1.35123 | 1.34847 |
| USDCHF | 0.77249 | 0.77267 | 0.77431 | 0.77131 |
| EURCHF | 0.91062 | 0.91092 | 0.91237 | 0.90899 |
| EURJPY | 182.399 | 182.43 | 182.51 | 182.265 |
| GBPJPY | 208.788 | 208.828 | 209.066 | 208.625 |