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- Harmonic Pattern - Bullish Shark pattern
- Potential Reversal Zone (PRZ) 1 -1.1115 (88.6% retracement)
- Potential Reversal Zone (PRZ) 2- 1.1050 (1.13% retracement)
- The pair has made a low of 1.1118 yesterday and started to recover from that level. It is currently trading around 1.11710.
- Short term trend is bullish as long as support 1.1050 holds. On the higher side major resistance is around 1.1200 and break above targets 1.1245/1.1280/1.13350.
- Any break below 1.1050 will drag the pair till 1.100/1.0920.
It is good to buy at dips around 1.1115 with SL around 1.1050 for the TP of 1.1245/1.1280/
R1-1.1178
R2-1.1250
R3-1.1335
Support
S1-1.1115
S2- 1.1080
S3-1.1050
