EUR/USD forms Bearish BAT pattern, good to sell on rallies
Harmonic Pattern - Bearish BAT pattern
Potential Reversal Zone (PRZ) -1.14365
EUR/USD has broken major resistance of 1.1340 on Friday and jumped till 1.13871. Overall trend is still weak as long as resistance 1.14365 holds.
Any break above 1.14365 will take the pair till 1.1470/1.1500 level.
On the downside major support is around 1.13250 and break below will drag the pair down till 1.1260/1.1200.
It is good to sell on rallies around 1.1380-85 with SL around 1.14365 for the TP of 1.1260
Potential Reversal Zone (PRZ) -1.14365
EUR/USD has broken major resistance of 1.1340 on Friday and jumped till 1.13871. Overall trend is still weak as long as resistance 1.14365 holds.
Any break above 1.14365 will take the pair till 1.1470/1.1500 level.
On the downside major support is around 1.13250 and break below will drag the pair down till 1.1260/1.1200.
It is good to sell on rallies around 1.1380-85 with SL around 1.14365 for the TP of 1.1260