Downside Prevails
Our Pivot: 1.2296
Our Preference: Short sell below 1.2259 with strict stop loss of 1.2296 and target at 1.2200 and 1.2160.
Alternate Scenario: Upward penetration of 1.2296 will call for 1.2351.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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