Downside Prevails
Our Pivot: 1.2230
Our Preference: Short sell below 1.2200 with strict stop loss of 1.2230 and target at 1.2150 and 1.2130.
Alternate Scenario: Upward penetration of 1.2230 will call for 1.2265.
NOTE: Capped by a negative trend line
Chart with Supports and Resistances:
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