EUR/USD forms Bullish Gartley Pattern, good to sell on rallies
Harmonic pattern formed – Bullish Gartley pattern
Potential Reversal Zone (PRZ) – 1.09820
EUR/USD has recovered after making a low of 1.0869. It is currently trading around 1.09543
The pair’s major resistance is around 1.09820 and any break above 1.09820 will take the pair to 1.100/1.1060 level.
On the downside minor support is around 1.0920 and break below targets 1.0880/1.0850.
It is good to Sell on rallies around 1.09520-550 with SL around 1.09820 for the TP of 1.0920/1.0860
Potential Reversal Zone (PRZ) – 1.09820
EUR/USD has recovered after making a low of 1.0869. It is currently trading around 1.09543
The pair’s major resistance is around 1.09820 and any break above 1.09820 will take the pair to 1.100/1.1060 level.
On the downside minor support is around 1.0920 and break below targets 1.0880/1.0850.
It is good to Sell on rallies around 1.09520-550 with SL around 1.09820 for the TP of 1.0920/1.0860