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- Pattern formed- Falling Wedge
- Potential reversal Zone (PRZ) - 1.0700 (Falling wedge breakout)
- The pair has made a high of 1.06892 yesterday and broken major support 1.05900 and declined till 1.05660 level.
- On the downside major support is around 1.0560 and break below targets 1.0500/1.0460 level.
- The pair faces strong resistance around 1.0700 and any break above targets 1.0720/1.0770/1.0800
It is good to buy only above 1.0700 with SL around 1.0650 for the TP of 1.0770/1.0800
