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

Monday, July 25, 2016 9:51 AM UTC

Potential Reversal Zone (PRZ) – 1.09400
Major resistance- 1.10810 (200 day MA).
EUR/USD has formed bullish Gartley pattern in 4 hours chart. It is currently trading around 1.09865.
The major support is at 1.0940 and any break below targets 1.0910/1.0870 in the short term.
Technically on the higher side, major pschycological resistance is around 1.1000 and any indicative break above will take the pair to next level at 1.10600 (Jul 21st high)/1.10800 (200 day MA).

It is good to buy at dips around 1.0975-1.09800 with SL around 1.0940 for the TP of 1.1060/1.1080

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

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