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Add as a preferred source on Google EUR/USD forms bullish cypher pattern, good to buy at dips Harmonic Pattern formed:Bullish cypher patternPotential reversal Zone (PRZ)- 1.1460 EUR/USD has declined till 1.1180 after making a high of 1.1459 on Friday. It is currently trading around 1.1200 Any further weakness can…
Updated Sep 22, 2015, 4:26 AM UTC 1 min read
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Harmonic Pattern formed:Bullish cypher pattern Potential reversal Zone (PRZ)- 1.1460
EUR/USD has declined till 1.1180 after making a high of 1.1459 on Friday. It is currently trading around 1.1200
Any further weakness can be seen only below 1.11460.
The pair's minor resistance is around 1.1250 and any break above would extend gains till 1.130/1.1340.
On the downside minor support is around 1.1178 and any indicative break below will drag the pair further down till 1.11460/1.1085.
It is good to buy at dips around 1.1180-85 with SL around 1.11460 for the TP of 1.1300/1.1330.
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