Downside Prevails
Our Pivot: 1.1727
Our Preference: Short sell below 1.1695 with strict stop loss of 1.1727 and target at 1.1625 and 1.1592.
Alternate Scenario: Upward penetration of 1.1727 will call for 1.1766.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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