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Harmonic Pattern formed- Bearish Butterfly Pattern
Potential Reversal Zone -1.0125.
- The pair has made a high of 1.0085 at the time of writing and started to decline from that level.
- Any break above 1.0125 will take the pair to new level 1.0160/1.0240 in short term.
- On the downside major support is around 1.0025 and break below targets 0.9980/0.9950.
- Overall weakness only below 0.9980 levels.
It is good to sell on rallies around 1.0065-70 with SL around 1.0125 for the TP of 0.9980/0.9950
Resistance
R1-1.0125
R2-1.016
R3- 1.0240
Support
S1- 1.0025
S2-0.9980
S3-0.9950
