BEARISH CYPHER & ABCD PATTERN (SHORT)

MARKET OVERWIEW
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>THE CURRENT BIAS IS BEARISH.THERE IS AN EXPECTATION THAT PRICE CAN RETRACE UPTO 61.8% LEVEL.
REVERSE FROM THERE CAN RETEST PREVIOUS LOW OF 1.0609 OR BELOW.BREAK ABOVE THE BEARISH CHANNEL INDICATES THE COMPLETION OF BEARISH CYPHER PATTERN & TURNS THE BIAS FROM DOWNTREND TO UPTREND RELEASING THE PRESSURE FOR EURO.MOVE ABOVE 1.0660 INDICATES THE PRESENCE OF THE BUYERS AS THE SELLERS ARE EXHAUSTED.
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>POTENTIAL RESISTANCE - 1.0793
- 1.0764
- 1.0710
>POTENTIAL SUPPORT - 1.0580
- 1.0525
- 1.0485
>LONG ENTRY FROM - 1.0670
>TARGET - 1.0700
- 1.0720
- 1.0740
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>ENTER SHORT FROM POINT D OF BEARISH CYPHER PATTERN TARGETING 1.0485 SUPPORT.
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>FOR MORE ANALYSIS KINDLY REFER TO OUR PREVIOUS TECHNICAL ANALYSIS.
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