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

Harmonic pattern formed- Bearish BAT pattern

Potential Reversal Zone ( PRZ) -1.1340

  • EUR/USD has made a high of 1.13094 today morning and slightly retreated from that level. It is currently trading around 1.1280.

  • On the higher side any break above 1.1340 will take the pair to next target 1.1370/1.14365.

  • The pair's minor support is around  1.1265 and break below will drag the pair till 1.1200/1.11525.

It is good to sell on rallies around 1.1285-90 with SL around 1.1340 for the TP of 1.1205/1.1155

 

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