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 | 1.16316 | 1.16323 | 1.16558 | 1.16131 |
| USDJPY | 159.916 | 159.924 | 159.951 | 159.566 |
| GBPUSD | 1.34688 | 1.34698 | 1.34823 | 1.34456 |
| USDCHF | 0.78719 | 0.78734 | 0.78851 | 0.78434 |
| EURCHF | 0.91563 | 0.91588 | 0.91625 | 0.91381 |
| EURJPY | 186.005 | 186.033 | 186.219 | 185.577 |
| GBPJPY | 215.389 | 215.415 | 215.542 | 214.636 |