Downside Prevails
Our Pivot: 1.1504
Our Preference: Short sell below 1.1474 with strict stop loss of 1.1504 and target at 1.1422 and 1.1397.
Alternate Scenario: Upward penetration of 1.1504 will call for 1.1535.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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