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FxWirePro:EUR/USD forms Bullish Gartley Pattern, good to buy on dips

Friday, January 27, 2017 9:42 AM UTC

Pattern formed – Bullish Gartley pattern
Major resistance – 1.27750
Major support – 1.06580 (61.8% retracement of 1.05780 and 1.07750).
EUR/USD has taken support near 61.8% fibo and jumped sharply from that level. It is currently trading around 1.06929.
On the higher side, the pair immediate resistance is around 1.0700 level and any break above will take the pair till 1.07750/1.0815 level.
The pair support is around 1.06580 (61.8% fibo) and any violation below will drag the EUR/USD till 1.0625/1.0578.

It is good to buy on dips around 1.0670-1.0675 with SL around 1.06250 for the 1.07750/1.08015.

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FxWirePro:EUR/USD forms Bullish Gartley Pattern, good to buy on dips

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