Turning Down
Our Pivot: 1.2200
Our Preference: Short sell below 1.2177 with strict stop loss of 1.2200 and profit target at 1.2145 with extension towards 1.2129.
Alternate Scenario: Upward penetration of 1.2200 will call 1.2240.
NOTE: Euro is facing rejection from resistant trend line of its bullish price channel which may push it towards a correction.
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 | 1.16304 | 1.16331 | 1.16362 | 1.16256 |
| USDJPY | 159.891 | 159.952 | 159.966 | 159.827 |
| GBPUSD | 1.34583 | 1.34738 | 1.34778 | 1.34546 |
| USDCHF | 0.78641 | 0.78754 | 0.78872 | 0.78585 |
| EURCHF | 0.91513 | 0.91587 | 0.91656 | 0.91474 |
| EURJPY | 185.962 | 186.054 | 186.095 | 185.846 |
| GBPJPY | 215.253 | 215.481 | 215.529 | 215.159 |