FxWirePro: EURUSD forms bearish Bat pattern, good to sell on rallies
Pattern formed – Bearish Bat pattern. Major resistance- 1.1370 The pair has formed bearish Bat pattern in 4-hour chart. The major resistance is around 1.1370 and any minor bullishness only above that level. It is curtly …
The pair has formed bearish Bat pattern in 4-hour chart. The major resistance is around 1.1370 and any minor bullishness only above that level. It is curtly trading around 1.13206.
Any violation above PRZ will take the pair to next immediate resistance at 1.14300/1.14500 in the short term.
On the lower side minor support is around 1.1300 and any break below targets 1.1260 (4H Kijun-Sen)/1.1200 .
It is good to sell on rallies around 1.1340 with SL around 1.1370 for the TP of 1.1260/1.1200.
