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- 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 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.
