Friday, October 16, 2026

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EUR/USD forms Bearish BAT pattern, good to sell on rallies

Harmonic Pattern - Bearish BAT pattern Potential Reversal Zone (PRZ) -1.14365 EUR/USD has broken major resistance of 1.1340 on Friday and jumped till 1.13871. Overall trend is still weak as long as resistance 1.14365 hol…

By Lis Howell
1 min read
EUR/USD forms Bearish BAT pattern, good to sell on rallies
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Harmonic Pattern - Bearish BAT pattern

Potential Reversal Zone (PRZ) -1.14365

  • EUR/USD has broken major resistance of 1.1340 on Friday and jumped till 1.13871. Overall trend is still weak as long as resistance 1.14365 holds.
     
  •  Any break above 1.14365 will take the pair till 1.1470/1.1500 level.
     
  • On the downside major support is around 1.13250 and break below will drag the pair down till 1.1260/1.1200.

It is good to sell on rallies around 1.1380-85 with SL around 1.14365 for the TP of 1.1260

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