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 | 1.15404 | 1.15413 | 1.15483 | 1.15329 |
| USDJPY | 160.363 | 160.372 | 160.425 | 160.299 |
| GBPUSD | 1.33765 | 1.33777 | 1.33904 | 1.33619 |
| USDCHF | 0.7987 | 0.79888 | 0.79969 | 0.79725 |
| EURCHF | 0.92176 | 0.92199 | 0.92226 | 0.92055 |
| EURJPY | 185.066 | 185.09 | 185.189 | 184.965 |
| GBPJPY | 214.506 | 214.543 | 214.71 | 214.303 |