EUR/USD forms bullish cypher pattern, good to buy at dips
Harmonic Pattern formed:Bullish cypher pattern
Potential reversal Zone (PRZ)- 1.1460
EUR/USD has declined till 1.1180 after making a high of 1.1459 on Friday. It is currently trading around 1.1200
Any further weakness can be seen only below 1.11460.
The pair's minor resistance is around 1.1250 and any break above would extend gains till 1.130/1.1340.
On the downside minor support is around 1.1178 and any indicative break below will drag the pair further down till 1.11460/1.1085.
It is good to buy at dips around 1.1180-85 with SL around 1.1460 for the TP of 1.1300/1.1330.
Potential reversal Zone (PRZ)- 1.1460
EUR/USD has declined till 1.1180 after making a high of 1.1459 on Friday. It is currently trading around 1.1200
Any further weakness can be seen only below 1.11460.
The pair's minor resistance is around 1.1250 and any break above would extend gains till 1.130/1.1340.
On the downside minor support is around 1.1178 and any indicative break below will drag the pair further down till 1.11460/1.1085.
It is good to buy at dips around 1.1180-85 with SL around 1.1460 for the TP of 1.1300/1.1330.