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- Potential Harmonic pattern formed – Bullish Bat pattern
- Potential Reversal Zone (PRZ)- 0.75425
- The pair formed a minor bottom around 0.76136 and recovered till 0.77042 on Feb 22nd 2017 high. It is currently trading around 0.76361.
- On the lower side, minor support is around 0.76135 and any break below will drag the pair till 0.7580 (78.6% retracement of 0.75425 and 0.77235)/0.75425 (Feb 8th 2017 low).
- The temporary top formed around 0.7735 will be acting as major resistance around any break above confirms major trend reversal.
It is good to buy on dips around 0.76000 with SL around 0.7540 for the TP of 0.7725.
Resistance
R1- 0.77235
R2 -0.7760
R3- 0.7793
Support
S1-0.76135
S2-0.7580
S3- 0.7540
