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- Pattern Formed - Bearish BAT pattern
- Major resistance- 1.06855
- The pair has once again recovered after making a low of 1.05635. EUR/USD jumped till 1.0660 and slightly declined from that level. It is currently trading around 1.06325.
- On the higher side, major resistance is around 1.06850 and any violation above will take the pair to next level till 1.07550 (78.6% retracement of 1.08167 and 1.05320)/1.08167 (Nov 15th high).
- The pair immediate support stands at 1.05600 and any indicative break below will drag the pair down till 1.05180/1.0436 (161.8% retracement of 1.05320 and 1.06855).
- Short term trend reversal only above 1.08200.
It is good to sell on rallies around 1.0675-1.0680 with SL around 1.07550 for the TP of
