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- Harmonic Pattern formed – Bullish Gartley pattern
- Bullish AB=CD pattern
- Potential Reversal zone- 1.05168.
- EUR/USD has formed bullish Gartley pattern in the daily chart. The pair breaks major pschycological support at 1.0700 and declined till 1.0666 yesterday. It is currently trading around 1.06896.
- The major support is around 1.06300 (161.8% retracement of 1.09115 and 1.13663) and any break below confirms further weakness, a decline till 1.0600/1.0560/1.0520 is possible.
- On the higher side, any break above 1.0780 (5- day MA) will take the pair till 1.0820/1.08500 in the short term.
It is good to buy on dips around 1.0635 with SL around 1.0590 for the TP of 1.0775/1.0845
