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Harmonic Pattern Formed- Bullish Cypher pattern
Potential reversal Zone (PRZ)- 187
- The Pair has made a high of 186.97 and started to retreat from that level. Overall trend is still bearish as long as resistance 187.50 holds.
- Any break above 187 will take the pair to next target 187.50/188.25 in short term.
- On the downside major support is around 185.40 and any break below 185.40 will drag the pair till 184.80/184.40.
It is good to sell on rallies around 186.20-25 with SL around 187 for the TP of 185.45/184.50
