Under Pressure
Our Pivot: 1.2225
Our Preference: Short sell below 1.2200 with strict stop loss of 1.2225 and profit target at 1.2160 with extension towards 1.2135.
Alternate Scenario: Upward penetration of 1.2225 will call 1.2260.
NOTE: Euro is moving in a bullish price channel on hourly chart and right now it's trying to penetrate that channel in bearish direction.
Chart with supports & resistances:
| Level | 1st | 2nd | 3rd | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
|---|
| Ticker | Bid | Ask | High | Low |
|---|---|---|---|---|
| EURUSD | 1.15376 | 1.15386 | 1.15483 | 1.15346 |
| USDJPY | 160.404 | 160.415 | 160.417 | 160.299 |
| GBPUSD | 1.33732 | 1.33743 | 1.33904 | 1.33619 |
| USDCHF | 0.79873 | 0.79893 | 0.79969 | 0.79725 |
| EURCHF | 0.92157 | 0.92183 | 0.92226 | 0.92055 |
| EURJPY | 185.069 | 185.095 | 185.189 | 184.966 |
| GBPJPY | 214.507 | 214.542 | 214.71 | 214.303 |