Downside Prevails
Our Pivot: 1.2285
Our Preference: Short sell below 1.2251 with strict stop loss of 1.2285 and target at 1.2162 and 1.2117.
Alternate Scenario: Upward penetration of 1.2285 will call for 1.2330.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:

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