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Harmonic Pattern Formed- Bullish Cypher pattern
Potential Reversal Zone (PRZ) - 1.5720.
- The pair has made a high of 1.6250 and retreated till 1.5780 level. It is currently trading at 1.5798.
- The major support is around 1.5720 and any break below will drag the pair further down till 1.5660/1.5600.
- On the higher side minor resistance is around 1.5870 and any indicative break above will targets 1.5915/1.5955.
It is good to buy at dips around 1.5730-35 with SL around 1.5660 for the TP of 1.5800/1.5870
Resistance
R1- 1.5800
R2-1.5870
R3- 1.5915
Support
S1-1.5720
S2-1.5660
S3-1.5600
