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Harmonic Pattern- Bullish Gartley Pattern
EURUSD is consolidating after hitting a low of 1.09660 yesterday. The weaker than expected Eurozone PMI data dragged Euro down below 1.1000 level. It is hovering near the 1.100 level for the past one day. Markets eye US Consumer Board consumer confidence for further direction.
On the flip side, the near term major support is around 1.0960 and any violation below will drag the pair till 1.0920. Bearish continuation only below 1.0920.
The near term resistance is around 1.1000 and any convincing break above targets 1.10320/1.10650.
It is good to buy on dips around 1.0985-875 with SL around 1.0925 for the TP of 1.10650.
