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- Potential Reversal Zone (PRZ) - 1.06600 (trend line joining 1.1299 and 1.08288)
- EURUSD got a renewed selling pressure at higher levels around 1.06400. The pair has once again broken the 1.06000 handle. It is currently trading around 1.05769.
- The pair’s further jump will happen only above 1.06600 level. Any break above 1.06600 will take the pair till 1.07200/1.07450 level.
- On the lower side, major support is around 1.04900 short term low formed at Feb 22nd 2017. Any break below confirms further bearish continuation and any break below targets 1.04500/1.03400. The minor support is around 1.05800/1.05200.
It is good to sell on rallies around 1.06050-1.0610 with SL around 1.0650 for the TP of 1.0520/1.04960
Resistance R1- 1.0660
R2 -1.07200
R3- 1.07450
Support
S1-1.05200
S2-1.0490
S3- 1.04500
