Thursday, October 15, 2026

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FxWirePro:EUR/NZD forms Bullish Gartley pattern, good to sell on rallies

Harmonic Pattern- Bullish Gartley pattern Potential Reversal Zone (PRZ) – 1.6845 The pair has retreated after making a high of 1.6745. It is currently trading around 1.66657. Short term trend is slightly weak as long as …

By FxWire Pro
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FxWirePro:EUR/NZD forms Bullish Gartley pattern, good to sell on rallies
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  • Harmonic Pattern- Bullish Gartley pattern
     
  • Potential Reversal Zone (PRZ) – 1.6845
     
  • The pair has retreated after making a high of 1.6745. It is currently trading around 1.66657.
     
  •  Short term trend is slightly weak as long as resistance 1.6845 holds.
     
  • The pair’s minor resistance is around 1.6750 and any break above targets 1.6800/1.6850.
     
  • On the lower side minor support is around 1.6640 and break below targets 1.6550/1.6495.
     
  • Overall bearish invalidation only above 1.6850.

It is good to sell on rallies around 1.6700 with SL around 1.6800 for the TP of 1.6490

                               

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team