• Harmonic Pattern formed – Bearish Bat pattern
   
• Potential Reversal Zone (PRZ)-  1.3215
   
• The pair has formed Bearish Bat pattern with Potential reversal Zone (PRZ) around 1.3215. It is currently trading around 1.31777.
   
•  On the higher side, any violation above 1.3215 will take the pair till 1.32850/1.33875 (Jan 20th 2017 high).
   
• The next immediate support stands around 1.31600 (23.6% retracement of 1.30509 and 1.31953) and any violation below targets 1.3106 (61.8% retracement of 1.3509 and 1.31953)/1.3051.
  
  It is good to sell on rallies around 1.3178-1.31800 with SL around 1.3215 for the TP of 1.3106/1.3055