EUR/USD forms bullish BAT pattern, good to buy at dips
Harmonic pattern formed -Bullish BAT Pattern
Potential Reversal Zone (PRZ)- 1.1125
EUR/USD has declined till 1.11338 and slightly recovered till 1.20690 from that level. It is currently trading at 1.11790.
Market awaits US NFP for further direction.Non-farm payroll is expected to show 200k growth in September compared to 173k in August.
The pair's short term support is around 1.125 (trend line joining 1.1104 and 1.11150) and any break below targets 1.1080/1.1100.
The pair's intraday resistance is around 1.122 and any break above targets 1.1265/1.128/1.1270.
Short term bullishness only above 1.130.Any break above 1.1300 will take the pair to next target to 1.1340/1.1370.
It is good to buy at dips 1.1125-30 with SL around 1.1108 for the TP of 1.122/1.1270
Potential Reversal Zone (PRZ)- 1.1125
EUR/USD has declined till 1.11338 and slightly recovered till 1.20690 from that level. It is currently trading at 1.11790.
Market awaits US NFP for further direction.Non-farm payroll is expected to show 200k growth in September compared to 173k in August.
The pair's short term support is around 1.125 (trend line joining 1.1104 and 1.11150) and any break below targets 1.1080/1.1100.
The pair's intraday resistance is around 1.122 and any break above targets 1.1265/1.128/1.1270.
Short term bullishness only above 1.130.Any break above 1.1300 will take the pair to next target to 1.1340/1.1370.
It is good to buy at dips 1.1125-30 with SL around 1.1108 for the TP of 1.122/1.1270