EUR/USD forms bearish BAT pattern, good to sell on rallies
Harmonic Pattern formed: Bearish BAT Pattern
Potential reversal Zone (PRZ)- 1.12750
EUR/USD has made a high of 1.12812 today and is currently trading at 1.12680 level.
Overall trend is still weak as long as resistance 1.13300 holds. Any break above would extend gains till 1.1370/1.14365.
The intraday major resistance is around 1.12960 (24th Sep high).
On the downside major support 1.1235 any break below targets 1.11780/1.1150 levels.
The minor supports are 1.1250.
It is good to sell on rallies around 1.12850-90 with SL around 1.1340 for the Tp of 1.1205/1.1160
Potential reversal Zone (PRZ)- 1.12750
EUR/USD has made a high of 1.12812 today and is currently trading at 1.12680 level.
Overall trend is still weak as long as resistance 1.13300 holds. Any break above would extend gains till 1.1370/1.14365.
The intraday major resistance is around 1.12960 (24th Sep high).
On the downside major support 1.1235 any break below targets 1.11780/1.1150 levels.
The minor supports are 1.1250.
It is good to sell on rallies around 1.12850-90 with SL around 1.1340 for the Tp of 1.1205/1.1160