- 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 1.06868.
- 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.
Resistance
R1-1.0700
R2-1.07750
R3- 1.0815
Support
S1-1.06580
S2-1.06250
S3- 1.05800
