Resistance: 1.2204 strong/1.2242 moderate/1.2286 minor
Support: 1.2161 moderate/1.2123 minor/1.2079 minor
Three Inside Down is just under the pivot point at 1.2204 in Hourly EURUSD charts. With a combination of a high level bearish pattern and a strong resistance consider shorting at market the immediate objective at 1.2161 break of which should see us move to 1.2123. Stop loss should be placed above 1.2204.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices