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 | 1.16071 | 1.16079 | 1.16251 | 1.16024 |
| USDJPY | 159.922 | 159.929 | 159.936 | 159.635 |
| GBPUSD | 1.35439 | 1.35449 | 1.35601 | 1.35376 |
| USDCHF | 0.8093 | 0.80947 | 0.81009 | 0.80656 |
| EURCHF | 0.93937 | 0.93961 | 0.94006 | 0.93795 |
| EURJPY | 185.619 | 185.642 | 185.709 | 185.42 |
| GBPJPY | 216.597 | 216.619 | 216.639 | 216.299 |